Master Mortgage

Master Mortgage
Documentation that is filed in the records for public land by mortgage originators as a matter of standard procedure. The master mortgage makes the lien-recording process less complicated and also aids in the sale of mortgages that trade in the secondary market.

Every originator of mortgages must file a master mortgage. The master mortgage was originally created by Fannie Mae and Freddie Mac in an attempt to streamline the record-keeping process. Master mortgages are required to be filed in the registrar's office prior to any placement of subsequent liens.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Master Servicer — (основной сервисер) применительно к ипотечному жилищному кредитованию основной сервисер организация, занимающаяся надзором за обслуживающими первичными сервисерами. К его функциям, как правило, относятся: (1) отслеживание денежных переводов между …   Ипотека. Словарь терминов

  • Master Trust — (Главный траст) Спецюрлицо, выпускающее несколько серий ценных бумаг, которые обеспечены одним пулом активов и денежные потоки между которыми распределяются по определенной формуле …   Ипотека. Словарь терминов

  • Mortgage insurance — For information on insurance guaranteeing payment of the mortgage in the event of death or disability, see mortgage life insurance. Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors …   Wikipedia

  • Master data management — In computing, master data management (MDM) comprises a set of processes and tools that consistently defines and manages the non transactional data entities of an organization (which may include reference data). MDM has the objective of providing… …   Wikipedia

  • Master Data Management — In computing, master data management (MDM) comprises a set of processes and tools that consistently defines and manages the non transactional data entities of an organization (also called reference data). MDM has the objective of providing… …   Wikipedia

  • Master Liquidity Enhancement Conduit — The Master Liquidity Enhancement Conduit (MLEC), also known as the Super SIV (structured investment vehicle), was a plan announced by three major banks based in the United States on October 15, 2007, to help alleviate the subprime mortgage… …   Wikipedia

  • Commercial mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Residential mortgage-backed security — Residential mortgage backed securities (RMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage backed security which are backed by mortgages on residential rather than commercial real estate. Industry… …   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

  • Merrill Lynch Domestic Master — The Merrill Lynch Domestic Master is a common American Bond index, analogous to the S P 500 for stocks, owned by Merrill Lynch. The Domestic Master is similar to the Salomon BIG or the Lehman U.S. Aggregate (The Agg). The Domestic Master Index… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”