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Acronyms that contain the term mortgage law
Page #8What 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 |
---|---|---|
MILA | Mortgage Investment Lending Associates | |
HPML | Higher Priced Mortgage Loans | |
PMMS | Primary Mortgage Market Survey | |
AAMB | Arizona Association of Mortgage Brokers | |
MORTG | MORTGage | |
RMBS | Residential Mortgage Backed Securities | |
MBAH | Mortgage Bankers Association of Hawaii | |
NMRC | Nigeria Mortgage Refinance Company | |
MERS | Mortgage Electronic Registration Systems | |
MFAA | Mortgage Finance Association of Australia | |
MBAF | Mortgage Bankers Association of Florida | |
KMG | Kappel Mortgage Group | |
BMFS | Better Mortgage Financial Services | |
NMLS | National Mortgage Licensing System | |
ACMC | Acceptance Capital Mortgage Corporation | |
UWM | United Wholesale Mortgage | |
SMAL | Second Mortgage Assistance Loan | |
MCG | Mortgage | |
NAMC | Nationwide Advantage Mortgage Company | |
DMBS | Danish Mortgage Backed Securities | |
NMLSR | Nationwide Mortgage Licensing System Registry | |
CMFC | Clico Mortgage And Finance Corporation | |
MPAU | Mortgage Payment Assistance Unemployment | |
HMLA | Housing Mortgage Lending Agency | |
BAMA | Bay Area Mortgage Association |
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. 16 May 2024. <https://www.abbreviations.com/mortgage%20law>.
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