Secondary Mortgage Market
Mortgage originators sell home mortgage loans to investors on the secondary mortgage market. Loan aggregators buy mortgage loans from originators, bundle them together into mortgage-backed
The latest news, tips, and tricks for homeowners
Mortgage originators sell home mortgage loans to investors on the secondary mortgage market. Loan aggregators buy mortgage loans from originators, bundle them together into mortgage-backed
Sallie Mae is a financial services company for college students and their families. Originally founded as the Student Loan Marketing Association, Sallie Mae began as
Sale of loan portfolio is when a lender sells off a large batch of its loans, which gives the lender more cash to fund additional
Right of rescission is a federal law and a part of the Truth in Lending Act that gives borrowers the right to cancel a financial
A reverse mortgage is a loan for people aged 62 and up in which the lender pays homeowners in advance on the equity of their
A revolving line of credit refers to a type of loan offered by a financial institution. Borrowers pay the debt as they would any other.
Rescission is the act of canceling a contract and returning both parties to the status they held before they entered the agreement. The right of
The remaining balance refers to the unpaid portion of a loan, debt or credit card.
Refinance, also called refinancing or refi, is the process by which one loan is replaced by another loan, in most cases with more favorable terms.
Regulation Z is part of the Truth in Lending Act of 1968. The legislation is designed to protect consumers against misleading lending practices.
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