Law on mortgage

См. также в других словарях:

• mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… …   Law dictionary

• mortgage-backed security — A kind of investment backed by mortgage loans that have been packaged into pools in the secondary mortgage market. Payments on the mortgages generate the return on investment for the people who invest in these securities. Category: Bankruptcy,… …   Law dictionary

• mortgage-backed securities — International mortgage backed securities, Also referred to as MBS. debt securities (debt security) (such as bonds or notes), which are issued by a special purpose vehicle in the course of a securitisation and backed, that is funded by and secured …   Law dictionary

• mortgage backed securities — International mortgage backed securities, Also referred to as MBS. debt securities (debt security) (such as bonds or notes), which are issued by a special purpose vehicle in the course of a securitisation a …   Law dictionary

• mortgage backed security — International mortgage backed securities, Also referred to as MBS. debt securities (debt security) (such as bonds or notes), which are issued by a special purpose vehicle in the course of a securitisation and …   Law dictionary

• mortgage clause — n: a clause in an insurance contract (as for fire insurance) that entitles a named mortgagee to be paid for damage or loss to the property see also open mortgage clause, standard mortgage clause Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

• mortgage servicer — A business that mortgage issuers pay to administer their mortgages. The servicer typically accepts and records mortgage payments, handles workout negotiations if the homeowner defaults, and may supervise the foreclosure process if negotiations… …   Law dictionary

• mortgage, fixed-rate — n. A mortgage with an interest rate that remains the same throughout the life of the mortgage. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

• mortgage broker — n. A firm or person who arranges mortgages between borrowers and lenders. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. mortgage broker …   Law dictionary

• mortgage delinquency — When the borrower on a home mortgage is late in making payments  typically 30 to 90 days behind. At the end of the proper delinquency period (which may be determined by state law), the lender may institute foreclosure proceedings. Category: Real… …   Law dictionary

• law day — The date prescribed in a bond, mortgage, or deed for payment of the debt; the maturity date. May 1st, observed in schools, public assemblies, and courts, in honor of our legal system. Dictionary from West s Encyclopedia of American Law. 2005. law …   Law dictionary