Business / Finance / Guaranteed Mortgage Certificates (GMC): A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment.
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Business / Real Estate / Mortgage Revenue Bonds: A type of tax-exempt industrial development bond offered by state and local governments through their housing financing agencies. MORE
Business / Finance / Mortgage Servicing: The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default, involved with a mortgage loan. MORE
Business / Finance / Mortgage-Backed Securities (MBS): Investment instruments backed by a pool of mortgage loans. MORE
Business / Finance / Mortgage REIT: An REIT that invests in loans secured by real estate that derives income from mortgage interest and fees. MORE
Business / Finance / Mortgage Rate: The interest rate on a mortgage loan. MORE
Business / Finance / Mortgage Pool: A group of mortgages with similar class, interest rate, and maturity characteristics. MORE