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Acronyms that contain the term mortgage law
Page #14What does mortgage law mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: mortgage law.
Possible matching categories:
Term | Definition | Rating |
---|---|---|
TMRC | Tanzania Mortgage Refinance Company | |
MSR | Mortgage Service Ratio | |
MIP | Mortgage Insurance Premium | |
CHMI | Cherry Hill Mortgage Investment | |
CHARM | Consumer Handbook on Adjustable Rate Mortgage | |
ERMA | Emergency Rescue Mortgage Assistance | |
BFMG | Bankers Financial Mortgage Group | |
BFMG | Bankers Financial Mortgage Group | |
BFMG | Bankers Financial Mortgage Group | |
CUMA | Credit Union Mortgage Association | |
CUMA | Credit Union Mortgage Association | |
CUMA | Credit Union Mortgage Association | |
UNMB | United Northern Mortgage Bankers | |
LMLA | Louisiana Mortgage Lenders Association | |
MMRR | Mortgage Market Reference Rate | |
LMLA | Louisiana Mortgage Lenders Association | |
IMAB | Independent Mortgage Advice Bureau | |
REMT | Real Estate Mortgage Trust | |
REMT | Real Estate Mortgage Trust | |
PMSR | Purchased Mortgage Servicing Rights | |
IMAB | Independent Mortgage Advice Bureau | |
MRBP | Mortgage Revenue Bond Program | |
FCBM | Florida Capital Bank Mortgage | |
SMBS | Stripped Mortgage Backed Securities | |
PIMI | Principal Interest Mortgage Insurance |
What does mortgage law mean?
- Mortgage law
- A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. The word is a Law French term meaning "dead pledge," originally only referring to the Welsh mortgage, but in the later Middle Ages was applied to all gages and reinterpreted by folk etymology to mean that the pledge ends either when the obligation is fulfilled or the property is taken through foreclosure. In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property.
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"mortgage law." Abbreviations.com. STANDS4 LLC, 2024. Web. 12 Jun 2024. <https://www.abbreviations.com/mortgage%20law>.
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