babymoon n.— «AT 20 weeks pregnant, Courtney Monardo, a 40-year-old processor for a mortgage company in Scottsdale, Ariz., was—to quote Madeleine Kahn in “Blazing Saddles”—“so tired.”…First on the agenda was an in-room ice cream...
have hair v. phr.— «Mr. Miklos believes that “oftentimes some of the loans that are overlooked have hair.”» —“Small Balance Market Heats Up” National Mortgage News Feb. 20, 2006. (source: Double-Tongued...
hair on it v. phr.— «M&T Bank also said the investors who buy the bank’s mortgage debt are taking advantage of contractual clauses to force M&T to buy loans back, sometimes because of payment defaults. The bank set aside $6...
wrap-around mortgage adj.— «Featured topics will be equity participation, the wrap-around mortgage, and the techniques of investment in income-producing property.» —“Mortgage Bankers Meeting to Be Held Here...
liar’s loan n.— «You rarely hear anything about individual borrowers who tell little white lies, the ones who obtain so-called “liar loans,” but they’re just as prevalent, if not more so. A young New Jersey couple, “the...
liar’s loan n.— «Over half of subprime mortgages are stated-income loans, loans which the industry often refers to as “liars loans.” The question is, who’s lying? According to a survey of over 2,000 mortgage brokers, 43% of...