Lead at Mortgage Glossary

What is it? Lead is an element that was once used as a pigment and drying agent in paint. An elevated level of lead in the body can cause serious damage to the brain, nervous system, kidneys and red blood cells. The degree of harm is related to the amount of exposure

Mortgage Dictionary Term Added By: Evan

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Other Similar Mortgage Terms:

Mortgage Term servicer is An organization that collects principal and interest payments from borrowers and manages borrowers escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.

Mortgage Term Servicing Retained: is A loan sale in which the original lenders servicing department continues to service the loan after the sale to a secondary institution or investor.

Mortgage Term Talking Sign is A radio transmitter with a range of up to 250 feet that broadcasts a description of a property to prospects listening to a radio tuned to the transmitters frequency.

Mortgage Term Mortgage Term is The length of time given to repay the loan.

Mortgage Term Condemnation is A judicial or administrative proceeding to exercise the power of eminent domain, through which a government agency takes private property for public use and compensates the owner. (See eminent domain).