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) Bank 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) Bank, 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) Bank,
                        • 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.
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