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Mortgage Dictionary


Terminology, definitions, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries, as they are used on LendingRisk.com.

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R

Refinance
To pay for an existing loan from the proceeds of a new loan on the same property.
Repurchase
In the secondary mortgage market, when an investor determines that a loan purchased from a seller contains a defect, the investor can request in accordance with the seller agreement that the seller reimburse any incentives paid and repurchase the loan.

See Indeminity
See Investor
See Mortgage Loan Repurchase & Indemnity Overview
See Seller

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.