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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...

Investor Fallout

In the mortgage pipeline, investor fallout reflects the risk that arises when an originator (mortgage originator) commits loan terms to...

Borrower Fallout

In the mortgage pipeline, borrower fallout reflects the risk that prospective borrowers may choose to walk away, falling out or...

Income Bond

A bond that only guarantees repayment of its principal, (i.e., its face value, at maturity) but not payment of interest...

Trading Flat

Flat trading has different meanings in different contexts. In relation to bonds, it refers to the status of a bond...

PLMBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

Private-Label Mortgage-Backed Security

A type of mortgage-backed security (MBS) that is issued by private entities (not government agencies) to back and issue a...

PL MBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

Private-Label MBS

A type of mortgage-backed security (MBS) that is issued by private entities (not government agencies) to back and issue a...