Business Glossary-Term List

When true, indicates the purpose of the extension of credit exempts the transaction from Regulation Z requirements.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Specifies the creditor organization type exempts the transaction from Regulation Z Ability-to-Repay requirements.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

A free-form text field used to collect additional information when Other is selected for Ability To Repay Exemption Creditor Organization Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Specifies the Loan Program that exempts the transaction from Regulation Z Ability-to-Repay requirements.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

A free-form text field used to collect additional information when Other is selected for Ability To Repay Exemption Loan Program Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Specifies the reason that transaction is exempt from Regulation Z Ability-To-Repay requirements.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

A free-form text field used to collect additional information when Other is selected for Ability To Repay Exemption Reason Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

The ratio of all debt payments of the borrowers, including proposed housing expenses, to the qualifying income of the borrowers (back-end ratio) based on the note interest rate.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Specifies the method by which the creditor satisfied Regulation Z Ability-to-Repay requirements.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanApplication, #MISMO3.4_iLAD, #Origination

A value from a MISMO defined list that identifies how a loan is designated under TILA/Regulation Z.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

A free-form text field used to collect additional information when Other is selected as the Ability to Repay Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

A unique value that represents a user defined version identifier.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery, #MISMO3.4_iLAD

Indicates the room is above grade and can be included in GLA.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

The rate at which vacant space is either leased or sold to users in the market place. Absorption rate is usually expressed in square feet per year or, in the case of multifamily housing, number of units per year.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

A unique number (or alpha-numeric designator) assigned to a land Title Abstract document (i.e.: a sequential collection of documents relating to a specific parcel of land). The boundaries of a parcel of real property is determined from the information contained in the Title Abstract document.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

A method of calculating depreciation in which a larger portion of depreciation is charged in early years than in later years.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

Indicates that mortgagor participates in some sort of accelerated principal re-payment program which may be administered by a third party.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

An instruction as to the signing methods that are acceptable for this document. It does not reflect a document instance state.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Describes the number of accessory units associated with the structure.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

A portion of the amount paid by a borrower for mortgage insurance that ensures the continuance of mortgage payments in the event of a mortgagor�s disability or illness.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary