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 ?
As of the cut-off date, the mortgage loans have an aggregate balance of $101,584,091.
Under the agreements with R-G Premier, the Company transferred title to R-G Premier to the mortgage loans underlying the recharacterized borrowing as payment in full of such borrowing and entered into a servicing agreement pursuant to which the Company will continue servicing the mortgage loans in exchange for an annual servicing fee of 25 basis points of the unpaid principal balance of the mortgage loans.
Doral Financial and Westernbank entered into a master servicing agreement pursuant to which Doral Financial will continue servicing the mortgage loans in exchange for an annual servicing fee of 25 basis points of the unpaid principal balance of the mortgage loans.
In regard to series 2001-4 and 2002-1 transactions, classes M-2 and M-3 represent interests in 2 loan groups and solely for purposes of determining distributions of principal and interest and the allocation of losses realized on mortgage loans, each class consists of two components: I-M2 and II-M2; I-M3 and II-M3.
Group 2 consists of 981 conventional, hybrid adjustable-rate mortgage loans secured by first liens on one to four family residential properties, all of which have original terms to maturity of approximately 30 years.
Group III will consist of 1,127 mortgage loans that have original balances that may or may not conform to Fannie Mae and/or Freddie Mac guidelines.
The mortgage loans were originated or acquired by Nationstar Mortgage, LLC, Argent Mortgage Company, LLC or Ameriquest Mortgage Company.
All of the mortgage loans were purchased by the depositor through its affiliate, Residential Funding, from unaffiliated sellers as described in this prospectus supplement and in the accompanying prospectus, except in the case of approximately 34.
Group III will consist of 1,917 mortgage loans that have original balances that may or may not conform to Fannie Mae and/or Freddie Mac guidelines.
Group III will consist of 1,720 mortgage loans that have original balances that may or may not conform to Fannie Mae and/or Freddie Mac guidelines.
Group 1 consists of 1,126 conventional, hybrid adjustable-rate mortgage loans secured by first liens one- to four-family residential properties, substantially all of which have original terms to maturity of 30 years.
Group II will consist of 1,270 mortgage loans that have original balances that conform to Fannie Mae or Freddie Mac guidelines.

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