The written evidence from
a contractor or supplier, surrendering
the right of lien to enforce
collection of debt against a property.
Loans that are funded and
awaiting sale or delivery to an
The short-term borrowing of funds by a
mortgage banker using permanent
mortgage loans as collateral. This
form if interim financing is used
until the mortgages are sold to a
Unsecured mortgages sold
individually to investors.
The excess of current
assets over current liabilities.
The ratio of
current assets to current liabilities;
one of the most commonly used ratios
to indicate a company’s financial
a plan to bring current
a delinquent or defaulted mortgage.
A refinancing technique
involving the creation of a second
mortgage which includes the balance
due on any existing mortgages, plus
the amount of the new secondary or