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Third party origination
Third party origination A process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market.
RELATED TERMS--------------------------------------
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Mortgage
A legal document pledging property as security for the payment of a loan.
Market
A place where goods can be bought and sold and a price established.
SIMILAR TERMS--------------------------------------
Third party originator
Third-party originators prepare loan applications for borrowers and submit the applications to lenders.
Thirteenth Amendment to the United States Constitution (1868)
Section 1- Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction. Section 2- Congress shall have power to enforce this article by appropriate legislation.
Thirty-day notice
Notice to vacate a premises under a periodic tenancy.
Thirty-year FHA mortgage
A Thirty-year FHA mortgage is insured by the Federal Housing Administration and has an interest rate that stays the same for the Thirty-year life of the loan.
Thirty-year FHA mortgage refinance
A Thirty-year FHA mortgage is insured by the Federal Housing Administration and has an interest rate that stays the same for the Thirty-year life of the loan.
Thirty-year fixed mortgage
A Thirty-year fixed mortgage is a loan that has an interest rate that stays the same for the Thirty-year term of the loan.
Thirty-year fixed mortgage refinance
A Thirty-year fixed mortgage is a loan that has an interest rate that stays the same for the Thirty-year term of the loan.
Thirty-year jumbo mortgage
A 30-year jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac (the 2005 limit is $359,650; $539,475 in Alaska, Hawaii and the U.S. Virgin Islands).
Thiruvananthapuram property
Property in Thiruvananthapuram, India. Apartments, flats, houses, offices and other property in Thiruvananthapuram.
PREVIOUS AND NEXT TERMS--------------------------------------
Testator
A male who has made a valid will.
Testatrix
A female who has made a valid will.
The 72-hour clause
When a buyer has a house to sell before they can purchase another home, most sellers insist on a 72-hour clause. In the event of a better offer coming in before the contingency is settled, this clause entitles the seller to give the buyer 72 hours to remove the contingency or lose the house.
The Fed
Congress founded the Federal Reserve Board, the central bank of the United States, in 1913. It conducts the nation's monetary policy and regulates its banks in order to achieve a flexible and stable economy.
Thermal mass
Thermal mass is a property that enables building materials to absorb, store, and later release significant amounts of heat.
Third party origination
Third party originator
Third-party originators prepare loan applications for borrowers and submit the applications to lenders.
Thirteenth Amendment to the United States Constitution (1868)
Section 1- Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction. Section 2- Congress shall have power to enforce this article by appropriate legislation.
Three-day notice
Notice to quit, quit or cure, or quit or pay rent. Three-day notice must be given before an unlawful detainer action.
Threshold notification
Notification by brokers that they have met the threshold requirements for filing status and fiscal year reports on trust fund activities.
Thrift
A financial institution established to promote "thrift" by accepting savings deposits, and to make home mortgage loans.
This dictionary contains 6433 terms. |
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