Definition of "Conduit"
(1) Distribution channel through which originating mortgage lenders distribute mortgages to the Secondary Mortgage Market. Those purchasing mortgages distributed through the conduit re-sell them using the private market system. They are often converted into standardized mortgage investments as mortgage-backed investment securities. The mortgages are serviced either by the originating lender or by a service agency. (2) In construction, an enclosed channel or pipe used to carry electrical wiring, water, or other fluids. (3) A long restricted passageway between two walls.
Popular Real Estate Terms
Potential customer or client in which there is a realistic chance of making the sale for the product or service. An example is a prospective purchaser of real estate that the real estate ...
Investment in residential properties by private businesses and people. ...
Expecting or looking forward to something happening. ...
What does viz. mean? The meaning of viz. derives from the Latin word videlicet which is translated into English as namely, that is, which is, as follows. You may encounter it in legal ...
A judicial ruling in which the rights and claims of the parties have been considered. A final ruling on some aspect formed after all the facts have been taken into account. In Real ...
A sash window having two vertically moving sashes respectively offset by sash weights. Each sash closes a different part of the window. ...
Uniform charge for transportation and delivery of household items to a homeowner within a particular locality. ...
Individual renting a residential or office unit. ...
The assessment sales ratio is a way of measuring the accuracy of a property’s assessed value when compared to the property’s selling price. This measurement gives the ...
Have a question or comment?
We're here to help.