by Myers Jackson | Dec 31, 2024 | Auction News
Fannie Mae-Seller/Servicer A lender that Fannie Mae has approved to sell loans to it and to service loans on Fannie Mae’s behalf. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS...
by Myers Jackson | Dec 31, 2024 | Auction News
Fannie Mae A New York stock exchange company. It is a public company that operates under a federal charter and is the nation’s largest source of financing for home mortgages. Fannie Mae does not lend money directly to consumers, but instead works to ensure that...
by Myers Jackson | Dec 31, 2024 | Auction News
Interest Rate Ceiling For an adjustable-rate mortgage (ARM), the maximum interest rate, as specified in the mortgage note. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For...
by Myers Jackson | Dec 31, 2024 | Auction News
Fair Market Value The price at which property would be transferred between a willing buyer and willing seller, each of whom has a reasonable knowledge of all pertinent facts and is not under any compulsion to buy or sell. Real estate words and definition CLICK...
by Myers Jackson | Dec 31, 2024 | Auction News
Interest Rate Cap For an adjustablerate mortgage (ARM), a limitation on the amount the interest rate can change per adjustment or over the lifetime of the loan, as stated in the note. For other words and definitions related to real estate auctions CLICK THIS...
by Myers Jackson | Dec 31, 2024 | Auction News
Interest Accrual Rate The percentage rate at which interest accumulates or increases on a mortgage loan. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
