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What is PMI cancellation?
Removing mortgage insurance.
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What is automatic PMI termination?
PMI removed at set LTV.
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What is loan recast?
Re-amortizing loan after large payment.
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What is biweekly mortgage payment?
Accelerated payment schedule.
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What is mortgage assumption risk?
Liability if assumption is improper.
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What is fraud alert on credit?
Protection against identity theft.
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What is mortgage fraud?
Misrepresentation to obtain a loan.
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What is occupancy fraud?
False occupancy claims.
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What is straw buyer?
Using another person to obtain loan.
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What is compliance audit?
Ensures legal adherence.
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