| to a "C" in public school grading or a "C-" in private school grading. FHLB Advances - Funding provided by Federal Home Loan Banks. Freddie Mac - Federal Home Loan Mortgage Corporation. Government Sponsored Entity (GSE) - Private organizations corp equity home mortgage government charters whose function is to provide liquidity for the residential loan market. GSEs purchase loans from lenders and assume risk for the asset, thereby protecting the investors in the MBS. Home Equity Loan (HEL) Homeowners Insurance - Package policy that combines (1) coverage against corp equity home mortgage insured’s property being destroyed or damaged and corp equity home mortgage coverage for liability exposure of the insured. Jumbo mortgages - Loans with high risk of default ab initio. "They see something on TV or they contact the lender and they find out, my goodness, I can borrow all this money," says Dr. Patrick McMurry, and economics professor at Missouri Western State University. "It`s kind of like cha-ching, look at all the things we can do, but now that`s an asset they`ve paid for." In the USA, the corp equity home mortgage by which |
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