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nouna conditional conveyance of property as security for the repayment of a loantype of:
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verbput up as security or collateraltype of:
Definition that contains mortgage
- lift pay off (a mortgage)
- foreclose subject to foreclosing procedures; take away the right of mortgagors to redeem their mortgage
- mortgagee the person who accepts a mortgage
- encumbrance a charge against property (as a lien or mortgage)
- federal national mortgage association a federally chartered corporation that purchases mortgages
- first mortgage a mortgage that has priority over all mortgages and liens except those imposed by law
- origination fee a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan
- reit an investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets; shares can be bought and sold in the stock market
- fnma a federally chartered corporation that purchases mortgages
- fannie mae a federally chartered corporation that purchases mortgages