Fill in the correct term/s for (X)

A (X) is a pledge of property to secure a debt.

U.S. Courts typically consider a mortgage as a (X) lien on real estate given to secure the payment of a debt.

The obligation secured by a mortgage generally is acknowledged by a (X) note that is, a written promise to pay money owed.

The promissory note makes the borrower (X) liable for the debt.

(X) refers to the process of seizing control of the collateral for a loan and using the proceeds from its sale to satisfy a defaulted debt.

Some states permit the mortgagee to pursue a (X) judgment against the mortgagor if the proceeds from the sale of the property is insufficient to satisfy the debt.

A financing device that simplifies the foreclosure process is the (X) contract or contract for deed.

Loan origination refers to the transactions that occur between borrower and lender in the (X) mortgage market.

Mortgage -backed (X) (MBS are securities issued in the secondary mortgage market by mortgage holders to investors who wish to invest indirectly in the mortgage market.

Mortgage (X) originate about half of all residential mortgage loans in the United States each year.

The Equal (X) Opportunity Act has influenced the mortgage lending industry since 1974.

Title I of the Consumer (X) Protection Act is frequently referred to a Regulation Z, or the Truth-in-Lending law.

The Real Estate (X) Procedures Act (RESPA) is another important source of regulation in the mortgage lending industry.

The remaining federal legislation that regulates the mortgage lending industry includes the (X) Disaster Protection Act and the Fair Credit Reporting Act.

The Fair (X) Reporting Act primarily affects credit reporting agencies, but it also affects the users of information obtained from these agencies.

The process of evaluating the risk of an applicant and a property in order to make a decision regarding a loan application is known as (X).

The (X)-to-value ration, or LTV ratio, is determined by dividing the requested loan amount by the lesser of the sale price or the appraised value of the property.

Two income ratios that are considered by the secondary market participants and the various guaranteeing and insuring entities are the mortgage (X) ratio (front-end ratio) and the total debt ratio (back-end ratio).

An alternative to financing a private venture with public funds is called a Tax (X) Financing (TIF).

Real estate (X) trusts (REITS) are another increasingly important participant in the commercial property equity and debt capital markets.