Terms with Tag Lender
- Banque de Développement du Canada (BDC) — Company, Canada, ➥ French acronym for Development Bank of Canada.
- Calvert Home Mortgage Investment Corporation (CHMIC) — Company, Calgary, Alberta, Canada,
- Debt to Income (DTI) — Acronym, Important,
- The percentage of an individual's income that is used to repay debt.
➥ A ratio used by mortgage lending underwriters when determining an individual's credit worthiness and their ability to service a mortgage loan. - Fair Isaac Corporation (FICO) — Company Est. 1956, ➥ Introduced the FICO® Score used in credit reports.
- Firstline Trust (FLT) — Company, Toronto, Ontario, Canada,
- Started in mortgage-backed securities then was bought by CIBC in 1995 and transformed into FirstLine mortgage (FLM).
➥ See Firstline mortgage (FLM). - Industrial Credit and Investment Corporation of India (ICICI) — Company, India, ➥ Better known as ICICI Bank Canada, a CMHC approved mortgage lender
- Initial Borrower Interest Rate (IBIR) — Acronym,
- Mortgage Broker/Lender (MBL) — Acronym, Important,
- Mortgage Lender (ML) — Acronym, Very Important,
- A lender that offers mortgages, often through a mortgage broker.
➥ Used internally by mortgage brokers and mortgage lenders. - Mortgage Lender/Broker License (MLB) — Acronym, United States, ➥ A US mortgage term.
- National Reverse Mortgage Lenders Association (NRMLA) — Company, United States, ➥ A US mortgage term.
- Non-Bank Lender (NBL) — Acronym,
- Saskatchewan Personal Property Registry (SPPR) — Acronym, Saskatchewan, Canada,
- Secondary Mortgage Lender (SML) — Acronym,
- A lender that offers mortgages, often through a mortgage broker.
- Shared-Appreciation Mortgage (SAM) — Acronym,
- A mortgage loan where the lender or a third-party backer agrees to offer a highly reduced mortgage rate to the borrower in exchange of sharing profits when the property is sold.
- A home loan in which the lender offers a below-market interest rate in exchange for sharing in the profit when the home is sold. Usually done only with private funds/lenders.
