In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan.
Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. While the mortgage deed or contract itself hypothecates or imposes a lien on the title to real property as security for a loan, the mortgage note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally for repayment. In foreclosure proceedings in certain jurisdictions, borrowers may require the foreclosing party to produce the note as evidence that they are the true owners of the debt.[1]
^Stacy, Mitch (2009-02-17). "Some Homeowners Facing Foreclosure Saying To Banks 'Show Me The Note'". Associated Press.
a mortgagenote (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgagenotes are...
negotiability of mortgagenotes has been debated, particularly due to the obligations and "baggage" associated with mortgages; however, in mortgagesnotes are often...
A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real...
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions...
A balloon payment mortgage is a mortgage that does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment...
Mortgage assumption is the conveyance of the terms and balance of an existing mortgage to the purchaser of a financed property, commonly requiring that...
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property...
Reserve Banks pledge as collateral, which are mainly Treasury securities and mortgage agency securities that they purchase on the open market by fiat payment...
Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase...
borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien...
Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing...
wrap, a seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase...
Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or...
warehouse lender, at this stage, perfects a security interest in the mortgagenote to serve as collateral. When the loan is finally sold to a permanent...
The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global...
hypothetical cash flows to yield a [net present value] of $17,988. MortgagenoteMortgage assumption "What is the Zumption Savings Box". Retrieved 2014-06-13...
specialized mortgage brokers familiar with commercial real estate lending. The trend in California is towards mortgage funds or mortgage pools, which...
Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. MERS is a separate and distinct corporation that serves...
took out a mortgage loan on the tower for $850 million from MetLife and AEW Capital Management, with MetLife as the holder of the mortgagenote; the loan...
also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals...
predatory mortgage servicing which is mortgage practices described by critics as unfair, deceptive, or fraudulent practices during the loan or mortgage servicing...
Alternative Mortgage Transaction Parity Act of 1982, also known as AMTPA, preempts state laws that restrict banks from making any mortgage except conventional...
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment...
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