two-step mortgage — USA A type of adjustable rate mortgage (ARM) that involves a fixed interest rate for a specified period of time (usually five or seven years) followed by an adjustment to the interest rate tied to current market rates. At the adjustment date,… … Law dictionary
Two-Step Mortgage — A mortgage that offers an initial fixed interest rate for a period of time (usually 5 or 7 years) after which, at a predetermined date, the interest rate adjusts according to current market rates. At the adjustment date, the borrower might have… … Investment dictionary
Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment … Wikipedia
Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
Jumbo mortgage — In the United States, a jumbo mortgage is a mortgage with a loan amount above the industry standard definition of conventional conforming loan limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac.… … Wikipedia
National Mortgage Crisis of the 1930s — The National Mortgage Crisis of the 1930s was a Depression era crisis in the United States characterized by high default rates and soaring loan to value ratios in the residential housing market. Rapid expansion in the residential non farm housing … Wikipedia
Continuous-repayment mortgage — Analogous to continuous compounding, a continuous annuity[1][2] is an ordinary annuity in which the payment interval is narrowed indefinitely. A (theoretical) continuous repayment mortgage is a mortgage loan paid by means of a continuous annuity … Wikipedia
Purchase Mortgage Market — A mortgage market for home financing transactions. The primary mortgage market is broken into two types of transactions: purchases and refinances. Both fall under the overall category of mortgage originations. The purchase market is driven by… … Investment dictionary
Money Management International — Type 501(C)(3) Corporation Founded 1997[1 … Wikipedia
Rod Blagojevich corruption charges — Not to be confused with Rod Blagojevich controversies. Blagojevich corruption scandal Illinois Governor Rod Blagojevich … Wikipedia
Ontario general election, 2003 — 1999 ← members October 2, 2003 → 2007 … Wikipedia
