Institutional Lender
Definition of "Institutional lender"
- Financial intermediaries who invest in deeds of trust and mortgages, and hold them in their own portfolio.
- Large financial firm that uses depositors' money to lend to borrowers. Examples are commercial banks and savings and loan associations. Mortgages are a common form of financing. There are stringent government regulations over the activities of institutional lenders.
Popular Real Estate Terms
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Geographic location that is gradually being developed as an urban area. ...
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Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...
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Bank modifies the borrower's mortgage obligation, such as when the bank approves the homeowner's request for an extension of time to pay because of illness or loss of a job. One's ...
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