Mortgageology- The study of the mortgages.  ‘I’m coining the term‘

The field of mortgage is littered with acronyms and terms that are as ambiguous as any enigma.  In an effort to pick up my blogging I resign myself to pick such terms from the mortgage dictionary and give them my own real world meaning.  Im no Webster, so if you’re looking for black letter definitions consult with another mortgage professional.  This ongoing thread shall also serve to cure me of a personal affliction to write diatribe natured 4+ page posts.  

Mortgage- Of French origin.  Literally means ‘Till Death’.  

Also see: Amortization, or ‘Payment till death’. 

Someone was being real cute when they gave housing finance it’s proper name…