Mortgage Component definition
Examples of Mortgage Component in a sentence
Mortgage loans held by the Single-Family Mortgage Component of the Agency have stated interest rates and are secured by first liens on the related real property.
The primary purpose of the Mortgage Component is to provide technical, advisory, and training assistance to banks and non-bank financial institutions willing to start mortgage lending market operations and to assist in developing mortgage origination, and to provide banks with the technical assistance necessary for securitization of mortgage pools in order to demonstrate how mortgage pools can be liquefied and proceeds re-lent.
This report provides details on events and activities relating to the Mortgage Component of the USAID Financial Protection Initiative, as implemented by the Pragma Corporation, during the period from May 22, 2005 through August 21, 2005.
Substantially all the cash in the Multi-Family and Single-Family Mortgage Component consists of amounts related to payments for mortgages and those amounts are maintained in interest-bearing accounts until invested in accordance with the terms of the Multi- Family and Single-Family resolutions.
Such Unit Release Fees shall be applied by Lender to reduce the outstanding principal balance of the Mortgage Component of the Loan and shall continue to be paid by Borrower until the Mortgage Note, including all interest, principal, and other amounts due thereunder, has been paid in full.