Robert McLister·General·June 13, 2012Mortgage Glossary 0/40 Mortgages ABCP (Asset Backed Commercial Paper) All-in-One Mortgage Alt-A Mortgages Amortization Assumability (Mortgage Assumption) B Lending (Subprime Lending) Bankable Bankers’ acceptance (BA) Basis Points (bps) BDM BFS (Business for Self) Big Six Banks (Big 6) Blended Rate Breaking a Mortgage Bulk Insurance (a.k.a. Portfolio Insurance) Buyers’ Agent “Canadas” or “GoCs” Charge Closed Mortgage Co-Borrower (Co-Signor) Collateral Charge Construction Draw Mortgage (Builder Loan) Contract Rate Conventional Mortgage Conversion Rates Convertible Mortgages Debt Ratios (GDS / TDS Ratios) Discretionary Rate Effective Rate Equity (for mortgages) Equity Lender Equity Mortgage Equity Mortgage (Equity Lending) Equity Take-out Front-loaded Mortgages Guarantor Hawkish High Ratio Mortgage Hold The Payment Home Equity Line of Credit (HELOC) Hybrid Mortgage Interest Adjustment Date Interest Offset Mortgage Interest Rate Catalysts Interest Rate Differential (IRD) Lending Spreads Lending Value Listing Agent Loan-to-Value Ratio (LTV) Low-Ratio Mortgage Maturity Modern Era of Monetary Policy Monoline Lender Mortgage Arrears Mortgage Assignment (Switch) Mortgage Debt Ratios Mortgage Insurance Mortgage Maturity Mortgage Originator Mortgage Portability Mortgage Prepayment Mortgage Term Mortgagor Negative Amortization Negative Equity Notice of Assessment (NOA) O.A.C. Origination Overnight Index Swap (OIS) Payout Date (Discharge Date) Payout Statement (Discharge Statement) Percentage Points (pp) Pre-Qualify / Pre-Approve Primary Dealer Prime Mortgages (aka. “A” Mortgages) Prime Rate Prime-BA Spread Qualifying Rate Quick Close Rack Rate Rate Bias Readvanceable Mortgage Rental Add-Back Rental Offset Restrictive Term Reverse Mortgage Secondary Financing (2nd Mortgages) Securitization & CMB’s Smith Manoeuvre Spreads Standard Rate Simulation Assumptions Stated Income Mortgage Target Rate TDS Ratio (Total Debt Service Ratio) TED Spread Tightening (Monetary Policy) Trailer Fees & Renewal Fees Trigger Rate Underwriter Underwriting Vendor Take-Back (VTB) Mortgage VRM Y/Y (YOY) Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.