Category: M

Definition A mortgagee is a financial institution, bank, or lending company that provides loans to borrowers, using property as collateral. The mortgagee is the lender

Definition A mortgagor is an individual or entity who borrows money from a lender to buy a property. This person is obligated to pay back

Definition Mosaic Theory is an investment approach used in the world of finance where multiple, various pieces of information are gathered and assembled to provide

Definition Mortgage Servicing Rights (MSR) refers to the contractual entitlement to receive a portion of the revenue from a portfolio of mortgage loans. The rights

Definition A mortgage rate refers to the interest rate charged on a mortgage loan by a lender to a borrower. It is typically expressed as

Definition A Mortgage Forbearance Agreement is a temporary arrangement between a mortgage lender and a borrower during financial hardship. It allows the borrower to reduce

Definition A Mortgage Originator, also known as a loan officer or lender, is a financial institution or an individual that works with borrowers to initiate

Definition A mortgage recast, sometimes called “re-amortization” , is a process that lowers your monthly mortgage payments. It happens when a large payment is made

Definition A Mortgage Rate Lock Float Down is a mortgage rate lock with the added feature that allows borrowers to decrease their interest rate if

Definition Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. If the borrower defaults on the loan,