mortgage

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mortgage,

n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in periodicals archive ?
LoanStar Home Lending, Headquartered in Portland, Oregon was founded in 2013 by dynamic, seasoned mortgage bank leaders and loan professionals who understand the opportunities and challenges of providing affordable, high-quality home mortgage options.
Second, new lending institutions formed by seasoned mortgage executives with new technology are gradually re-entering the marketplace.
Besides, the agency highlighted the backup from the cover pool, which consists of prime-quality seasoned mortgage loans secured by residential properties diversified across Canada with a weighted average loan-to-value ratio of 62%.
For the seasoned mortgage bankers used to the boom and bust cycles of the Fast 30 years, the coming months are unlikely to bring any big surprises.
Gross is a seasoned mortgage professional,” said Shawn Proper, Mars National Bank Senior Vice President, Mortgage and Consumer Lending.
The cover pool consists of prime-quality seasoned mortgage loans secured by residential properties diversified across Canada with a weighted average loan-to-value ratio of 62%, Moody's noted.
All of these events combined to create a perfect storm of conditions for which neither consumers nor seasoned mortgage executives were prepared.