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Mortgage delinquency is a term often used in the context of real-estate to define a situation in which the borrower (homeowner) of a mortgage loan is late on required mortgage payments.

A mortgage rate buydown is a mortgage-financing technique used to give the buyer a lower interest rate for the first few years of the mortgage. The mortgage rate buydown buyer pays the lender money in exchange for a reduced interest rate, which may be structured in different ways. One example is a 3-2-1 buydown, in which the buyer pays to have lower payments on the loan for the first three years.

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.

A party’s post-trial request that the court vacates the judgment and orders a new trial to re-examine some or all of the matters from the concluded trial. The motion can be made by any party and following both jury trials and bench trials.

Mouthpiece is a slang term for a lawyer, especially a criminal defense lawyer. The term stems from the view of lawyers as being the spokesperson for their client. That being said, the term is not a positive one when applied to lawyers. This is outlined in The Lawyer; Leader or Mouthpiece by Robert H.

The act of physical attack upon an isolated pedestrian on a public street at night and the taking of money and effects from his person. While generally not a crime on its own, a mugger may be criminally liable for the felony of common-law robbery. See State v. Smith. Mugging can also connote a physical attack on a pedestrian from behind.

A multiple listing service (or MLS) is a database that cooperating real estate brokers create and use to share information about property listings.