|
Definition of Mortgage loan - Finance dictionary
|
Mortgage loan
A "Mortgage Loan" is a type of loan secured by a mortgage on some real estate assets. The mortgage is granted by the "Mortgagor" (the borrower) to the benefit of the "Mortgagee" (the secured lender). Residential mortgage loans are granted to individuals and secured by residential properties, while commercial mortgage loans are mostly granted to companies and are secured by commercial properties. Mortgage loans are frequently securitized by the banks, building societies (in the UK) and other specialized institutions (such as Fannie Mae and Sallie Mae in the US, or Credit Lodgement in France) having granted them. Depending on the nature of the real estate collateral, the resulting securities are called Residential Mortgage-Backed Securities (RMBS) or Commercial Mortgage-Backed Securities (CMBS).
Mortgage loan
A "Mortgage Loan" is a type of loan secured by a mortgage on some real estate assets. The mortgage is granted by the "Mortgagor" (the borrower) to the benefit of the "Mortgagee" (the secured lender). Residential mortgage loans are granted to individuals and secured by residential properties, while commercial mortgage loans are mostly granted to companies and are secured by commercial properties. Mortgage loans are frequently securitized by the banks, building societies (in the UK) and other specialized institutions (such as Fannie Mae and Sallie Mae in the US, or Credit Lodgement in France) having granted them. Depending on the nature of the real estate collateral, the resulting securities are called Residential Mortgage-Backed Securities (RMBS) or Commercial Mortgage-Backed Securities (CMBS).
See
all terms in the dictionary of finance
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |
To find other words in the
dictionary of finance, click on the first letter of the word you are looking
for:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Definitions of terms begining
with the same letter as "Mortgage loan"
:
Mortgage loan
A "Mortgage Loan" is a type of loan secured by a mortgage on some real estate assets. The mortgage is granted by the "Mortgagor" (the borrower) to the benefit of the "Mortgagee" (the secured lender). Residential mortgage loans are granted to individuals and secured by residential properties, while commercial mortgage loans are mostly granted to companies and are secured by commercial properties. Mortgage loans are frequently securitized by the banks, building societies (in the UK) and other specialized institutions (such as Fannie Mae and Sallie Mae in the US, or Credit Lodgement in France) having granted them. Depending on the nature of the real estate collateral, the resulting securities are called Residential Mortgage-Backed Securities (RMBS) or Commercial Mortgage-Backed Securities (CMBS).
|
|
