Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about mortgage late: | ||||||||
Are These Mortgage Late Fees Kosher?
November 24, 2000 "I am a mortgage broker who arranged a loan for a client who made a monthly payment on the 16th of the month - one day after the grace period. Without notice, the lender imposed a late charge on that payment, and then proceeded to collect that charge by ... more... Is There Recourse Against Bad Mortgage Servicing? March 19, 2001 When a mortgage loan is closed, the origination file is closed and a servicing file is opened. It remains open for the life of the loan. Whether the process goes smoothly or badly depends on both the borrower and the ... more... |
||||||||
mortgage late related definitions |
||||||||
Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... Mortgage Note Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... |
||||||||
More about mortgage late
Class Action Lawsuits and Unethical Settlements Stopping Foreclosures Beginner's Guide to Credit Real Estate Investing Financing Truths - Part 2 Credit Card Debt: Repair After Bankruptcy Solutions to Single Mothers in Debt How To Check Your Credit Rating and Know Its Affect On You This Market Is Different Homebuyer Heaven Cant Possibly Last Home Loans: What You Should Know!
|
|
|||||||
|