Posted by BarbaraL_CA on 8/25/06 12:38am
Msg #140813

Mortgage Terminology Definitions

I just chanced upon this website while searching for other things, but it has alot of mortgage terminology explained. Just thought I'd pass it on to anyone that can benefit from it.

http://www.mtgzoneco.com/629311.html

Reply by BP/WV on 8/25/06 7:53am
Msg #140837

I am writing a paper for my RE Law class on Real Estate jargon. I chose this topic because I think it is humorous that sometimes, a borrower’s eyes see the word “HUD” at the top of the settlement statement, and say, “I don’t have a HUD home”.

We have our own lingo that those who are unfamiliar with real-estate loans, find themselves lost when reading about: TIL, RTC, NOBS and so on…

Thank you for the link; I’ve found some other acronyms I have forgotten.

Reply by Michelle/AL on 8/25/06 9:18am
Msg #140855

This was good info. Thanks for sharing. n/m

Reply by PMNSA/FL on 8/25/06 1:28pm
Msg #140928

Thanks for sharing.

Reply by Diga2Lin/FL on 8/25/06 2:27pm
Msg #140954

That was great - printed it out and put it in my notebook with the rest of my "to study" material - thanks for the link..