Mortgage discrimination — or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion. One of the most notable instances … Wikipedia
Mortgage Pipeline — Mortgage loans that have been locked in with a mortgage originator by borrowers, mortgage brokers or other lenders. A loan will stay in an originator s pipeline from the time it is locked until it falls out, is sold into the secondary mortgage… … Investment dictionary
Fallout Risk — The lending risk that occurs when the terms of a loan are confirmed simultaneously with the terms of a property sale. Because the mortgage terms are set but the sale is not finalized, there is a risk that the transaction may not be completed.… … Investment dictionary
Fallout risk — A type of mortgage pipeline risk that is generally created when the terms of the loan to be originated are set at the same time as the sale terms are set. The risk is that either of the two parties, borrower or investor, fails to close and the… … Financial and business terms
fallout risk — A type of mortgage pipeline risk that is generally created when the terms of the loan to be originated are set at the same time the sale terms are established. The risk is that either of the two parties, borrower or investor, fails to close and… … Financial and business terms
Thornburg Mortgage — Infobox Company name = Thornburg Mortgage Inc. type = Public (nyse|TMA) genre = foundation = 1993cite web| title=About Us | url=https://www.thornburgmortgage.com/mortgage/loans/about/index.jsp | accessdate=2008 03 20 | publisher=Thornburg… … Wikipedia
Best Efforts Mortgage Lock — When the sale of a mortgage in the secondary mortgage market requires that the seller, usually a mortgage originator, make a best efforts attempt to deliver the mortgage to the buyer. This type of trade exists to transfer the risk that a loan… … Investment dictionary
Borrower fallout — In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract. The New York Times Financial Glossary … Financial and business terms
Investor fallout — In the mortgage pipeline, risk that occurs when the originator commits loan terms to the borrowers and gets commitments from investors at the time of application, or if both sets of terms are made at closing. The New York Times Financial Glossary … Financial and business terms
borrower fallout — In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract. Bloomberg Financial Dictionary … Financial and business terms
