Mortgage terms starting with T

10 terms

  1. Term A term is the length of time between when a fixed-income security, such as a bond or note, is offered for sale and its maturity date.
  2. Thrift An organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages.
  3. Title A title is a legal document proving ownership of a piece of property. If you are buying real estate you authorize a title search, or examination of…
  4. Transmittal Sheet (TS) The transmittal sheet is submitted with a reporter's data. The transmittal sheet includes the following information: reporter's HMDA ID number, regulatory…
  5. Trial Period or Trial Period Plan HAMP requires homeowners to enter into a trial period plan before receiving a permanent HAMP modification.
  6. Trust A fiduciary relationship in which a person, called a trustee, holds title to property for the benefit of another person, called a beneficiary.
  7. Trust deed A deed executed in conformity with title 45, chapter 15, Idaho Code, and conveying real property to a trustee in trust to secure the performance of an…
  8. Trustee A trustee is a person or institution appointed to manage assets for someone else's benefit.
  9. Truth in Lending Act (TILA) The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms.
  10. Type of Purchaser If you sell a loan in the same calendar year in which it was originated or purchased, you must identify the type of purchaser to whom it was sold.