housing

A mortgage broker, also known as a loan broker, is a person who acts as the intermediary between a mortgage lender and a mortgage borrower, and facilitates the real estate transaction for a mortgage.

Mortgage servicers are the companies that manage a mortgage after the mortgage has been granted. The lending institution granting the mortgage may be the servicer, or lending institution may pay or sell the mortgage to another company to service. Servicing the loan often includes managing payments, sending notifications, managing escrows, restructuring, and foreclosing on a mortgage.

In a mortgage transaction, the mortgagee is the party that lends the mortgagor money. For more information, see secured transactions.

In a mortgage transaction, the mortgagor is the party that borrows money from the mortgagee. Thus, when you get a mortgage from a lender, you are a mortgagor and the lender is a mortgagee.

A non-judicial foreclosure is when lenders foreclose property without getting a court order first.

A nonjudicial foreclosure is when lenders foreclose property without getting a court order first.

An Option ARM (adjustable-rate mortgage) is a type of mortgage where the borrower has several possible payment choices. The borrower may pay:

A real estate transaction is the process by which rights to real property are transferred between parties, typically involving a 

Real property (land law): an overview

Redlining can be defined as a discriminatory practice that consists of the systematic denial of services such as mortgages, insurance loans, and other financial services to reside