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2. Collateralized mortgage obligation - Wikipedia

   en.wikipedia.org/wiki/Collateralized_mortgage...

   A collateralized mortgage obligation (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities, thereby meeting investor needs.

3. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   According to Anglo-American property law, a mortgage occurs when an owner (usually of a fee simple / freehold interest in real property, but frequently leasehold in England and Wales) pledges his or her interest (right to the property) as security or collateral for a loan. Therefore, a mortgage is an encumbrance (limitation) on the right to the ...

4. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   A mortgage is a long-term loan from a financial institution that helps you purchase a home, with the home itself serving as collateral. Mortgage payments typically consist of principal (the amount ...

5. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Mortgage underwriting is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. Most of the risks and terms that underwriters consider fall under the three C's of underwriting: credit, capacity and collateral.

6. What is hypothecation? - AOL

   www.aol.com/finance/hypothecation-135700650.html

   Key takeaways. Hypothecation means offering an asset as collateral, or as backing for a loan.If you default on the loan, the lender can take the asset to recoup their money.

7. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   In a typical mortgage loan transaction, for instance, the real estate being acquired with the help of the loan serves as collateral. If the buyer fails to repay the loan according to the mortgage agreement, the lender can use the legal process of foreclosure to obtain ownership of the real estate.

8. Should you use your home equity to pay off high-interest debt?

   www.aol.com/finance/home-equity-loan-pay-off...

   A home equity loan — sometimes called a second mortgage — uses the equity you’ve built in your home as collateral to borrow money. That collateral unlocks access to cash at a lower interest ...

9. Warehouse line of credit - Wikipedia

   en.wikipedia.org/wiki/Warehouse_line_of_credit

   After an investor has been selected, the mortgage banker draws on the warehouse line of credit to fund a mortgage and sends the loan documentation to the warehouse credit-providing institution to act as a collateral for the line of credit. The warehouse lender, at this stage, perfects a security interest in the mortgage note to serve as collateral.