Mortgage terms starting with D

10 terms

  1. Debarment Disqualification of a firm or individual from contracting with the government or participating in government non-procurement transactions for a specific…
  2. Debt-to-income (DTI) a comparison or ratio of gross income to housing and other expenses or debts the homeowner owes.
  3. Deed A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee.
  4. Deed-in-Lieu of Foreclosure the process by which a homeowner may voluntarily transfer the deed to a home to the servicer when payments cannot be made.
  5. Default Default occurs when a debtor is unable to meet the legal obligation of debt repayment, one form of which is the failure to promptly pay interest or…
  6. Deferred Payments loan payments that are authorized to be postponed as part of a workout process to avoid foreclosure.
  7. Delinquency A debt that was not paid when due.
  8. Depository Institution A financial institution that makes loans and obtains its funds mainly through accepting deposits from the public; includes commercial banks, savings and…
  9. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) Legislation intended to promote the financial stability of the United States by improving accountability and transparency in the financial system, end…
  10. Dwelling An insured's home.