We've got 774 shorthands for mortgage law »
Acronyms that contain the term mortgage law
What 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 |
---|---|---|
FMFC | First Mortgage & Finance Corporation | |
MI | Mortgage Insurance | |
ARM | Adjustable Rate Mortgage | |
FRE | Federal Home Loan Mortgage Corporation | |
FNMA | Federal National Mortgage Association | |
GNMA | Government National Mortgage Association | |
GNMA | Government National Mortgage Association | |
FNMA | Federal National Mortgage Association | |
FNMA | Federal National Mortgage Association | |
MBS | Mortgage-Backed Securities | |
PMI | Private Mortgage Insurance | |
REMIC | Real Estate Mortgage Investment Conduit | |
FRM | Fixed Rate Mortgage | |
MBA | Mortgage Bankers Association | |
WFHM | Wells Fargo Home Mortgage | |
CMO | Collateralized Mortgage Obligation | |
CMO | Collateralized Mortgage Obligation | |
CML | Council Of Mortgage Lenders | |
MBS | Mortgage-Backed Securities | |
MMA | Municipal Mortgage & Equity, LLC | |
NAMB | National Association of Mortgage Brokers | |
MSR | Mortgage Servicing Rights | |
MIP | Mortgage Insurance Premium | |
MCC | Mortgage Credit Certificate | |
IMH | Impac Mortgage Holdings, Inc. |
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. 29 Apr. 2024. <https://www.abbreviations.com/mortgage%20law>.
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