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Acronyms that contain the term mortgage law
Page #9What 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 |
---|---|---|
MLAR | Mortgage Lenders Administrators Return | |
IMFL | Illinois Mortgage Foreclosure Law | |
AMP | Accredited Mortgage Professional (see also CAAMP) | |
SITCOM | Single Income Two Children Oppressive Mortgage | |
CMHC | Canadian Mortgage and Housing Corporation | |
CMMU | Certified Master Mortgage Underwriter | |
PRMI | Primary Residential Mortgage Inc | |
NYMC | New York Mortgage Coalition | |
PMCC | Prudential Mortgage Capital Company | |
ECMB | East Coast Mortgage Brokers | |
HECM | A Hud Equity Conversion Mortgage | |
LEM | Location Efficient Mortgage | |
AHMC | Absolute Home Mortgage Corporation | |
MRTG | Mortgage | |
ACCHA | l'Association Canadienne des Conseillers Hypothécaires Accrédités (Canadian Association of Accredited Mortgage Professionals) | |
PRMI | Primary Residential Mortgage Inc | |
MIRAS | Mortgage Interest Relief At Source | |
MFFI | Mortgage Foreclosure Fraud Investigator | |
RIMBA | Rhode Island Mortgage Bankers Association | |
ILMB | I Love Mortgage Brokering | |
MDTD | Mortgage by Deposit of Title Deeds | |
BPMI | Borrower-Paid Mortgage Insurance | |
CMHC | Canada Mortgage and Housing Corporation | |
RIMBA | Rhode Island Mortgage Bankers Association | |
FMBN | Federal Mortgage Bank of Nigeria |
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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