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Glossary of Mortgage Terms
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Item Title
Acceptance
Account Termination Fee
Adjustable-rate mortgages (ARM)
Adjustment Interval
Amortization
ARM - Adjustable-rate mortgages
Charge-off
Closing
Contract
Conventional mortgages
Credit enhancement
Credit scoring
Default
Delinquency
Fixed-rate mortgages
Foreclosure
Inspection
Intermediate-term mortgages
Loan-to-value (LTV) ratio
Loan-to-value ratio (LTV)
Mortgage
Mortgage-Backed Security (MBS)
Multifamily housing
PITI
Point
Preforeclosure sale
Private mortgage insurance (PMI)
Real Estate Mortgage Investment Conduit (REMIC)
Repayment plan
Reverse mortgages
Secondary mortgage market
Security
Serious delinquency
Underwriting
Verification of Deposit (VOD)
Verification of Employment (VOE)
Verification of Rent (VOR)
 
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