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)