Secondary Mortgage Market
The Secondary Mortgage Market refers to the system in which existing mortgage loans are bought, sold, and transferred after origination. In real estate, this market
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The Secondary Mortgage Market refers to the system in which existing mortgage loans are bought, sold, and transferred after origination. In real estate, this market
Sallie Mae is a financial services organization primarily known for its involvement in education related lending. While its core activity is not real estate lending,
A Sale Of Loan Portfolio is a transaction in which a lender transfers a group of existing loans to another financial entity. In real estate
A Right Of Rescission is a legal protection that allows a borrower or property owner to cancel a completed real estate related agreement within a
A Reverse Mortgage is a residential loan structure that allows a property owner to access a portion of the equity in an owned home without
A Revolving Line Of Credit is a financing arrangement that allows a property owner to borrow funds up to an approved limit, repay amounts over
Rescission is the legal act of canceling a contract and restoring the parties involved to their original positions as if the agreement had never taken
Remaining Balance refers to the amount still owed on a real estate related obligation after payments have been applied. In property ownership, this term is
Refinance refers to the process of replacing an existing real estate loan with a new loan secured by the same property. In residential real estate,
Regulation Z is a federal consumer protection rule that governs how credit terms are disclosed in real estate related lending. Its purpose is to ensure