Related Words

Mortgage Revenue Bonds: A type of tax-exempt industrial development bond offered by state and local governments through their housing financing agencies.

Open-End Mortgage: Mortgage against which additional debts may be issued. Related: Closed-end mortgage.

Other Revenues And Expenses: Items incurred or earned from activities that are outside, or peripheral to, the normal operations of a firm.

Package Mortgage: A mortgage on a house and property in the house.

Participation Mortgage: A mortgage loan wherein the lender has a partial equity interest in the property or receives a portion of the income from the property.

Open End Mortgage: A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as to the assets of the mortgage.

Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds.

Mortgager: The borrower of a loan secured by property.

Multiclass Mortgage Securities: Short- and long-term mortgage securities, with or without pass-through privileges.

Municipal Bonds: Bonds issued to finance public improvements such as parks, schools and urban renewal projects.