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Pass-Through

A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...

Pipeline

A pipeline or mortgage pipeline describes mortgages that are in the process of being originated. Origination involves creating a loan...

Reverse Price Risk

A type of mortgage-pipeline risk that arises when a lender (mortgage banker) commits to sell loans (mortgage loans) to an...

Reverse Mortgage

A mortgage that involves a bank or lending institution extending a loan (usually, a long-term loan) for an amount equal...

RAM

It stands for reverse annuity mortgage; a mortgage that involves a bank or lending institution extending a loan (usually, a...

Reverse Annuity Mortgage

A mortgage that involves a bank or lending institution extending a loan (usually, a long-term loan) for an amount equal...

Mortgage Pipeline

In relation to a mortgage, it refers to refers to mortgage loan applications that have been initiated and offered to...

PL Mortgage

It stands for private label mortgage; a type of mortgage (mortgage loan) that is used by private entities (not government...

Private Label Mortgage

A type of mortgage (mortgage loan) that is used by private entities (not government agencies) to back and issue non-agency...

Non-Agency Mortgage

A type of mortgage (mortgage loan) that is used by private entities (not government agencies) to back and issue non-agency...