Business Glossary-Term List
Welcome to the MISMO Business Glossary - your online source of mortgage industry business terms and data point descriptions. Follow the links provided for Term Type; Focus Area; and Source descriptions; complete terms of authorized usage; and a more detailed description of the MISMO Business Glossary. Search tip: Use quotes for an exact search (e.g., "keyword or phrase").
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Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
A term defined in section 106 of the federal Truth in Lending Act (15 USC 1606), which expresses on an annualized basis the charges imposed on the borrower to obtain a loan (defined in the Act as "finance charges"), including interest, discount and other costs.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary, #MISMOApprovedAcronym
Average Prime Offer Rate
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Annual Percentage Rate
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Adjustable Rate Mortgage
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Bid Wanted In Competition
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Constant Maturity Treasury
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Debt to Income
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Extensible Markup Language is a simple, flexible text format. It is essentially a set of rules or convention for putting structured data in a text file. It is platform independent which allows the computer to generate or read files easily. XML uses tags to delimit pieces of data, but leaves the interpretation of the data up to the application.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary, #MISMOApprovedAcronym
Flood Insurance Rate Map
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Fleet Post Office
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Growing Equity Mortgage
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Individual Retirement Account
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
London Interbank Offered Rate
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
The rate at which banks in the foreign market lend dollars to one another. LIBOR varies by deposit maturity. A common interest rate index; one of the most valid barometers of the international cost of money.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary, #MISMOApprovedAcronym
Loan To Value
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
A geographic area designated by the U.S. Census Bureau for purposes of collecting and disseminating demographic information.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary, #MISMOApprovedAcronym
Acronym for Mortgage Identification Number, a unique 18-digit number permanently assigned to an eNote registered on the MERS� eRegistry or a Mortgage loan registered on the MERS� System. The MIN is a unique 18-digit number that is permanently assigned to a mortgage loan registered on the MERS� System or an eNote registered on the MERS� eRegistry. The MIN is composed of a MERS� Member's 7-digit Org ID, a 10-digit sequence number, and a Check Digit. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.
Term Source: MISMO eMortgage
Term Type: Data, Other
Focus Area: #eMortgage, #LDD, #MISMOApprovedAcronym
Metropolitan Statistical Area
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
Monthly Treasury Average
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
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