Real Estate Terms

  1. Open-End Mortgage

  2. Operating Company/Property Company Deal - Opco/Propco Deal

  3. Option Adjustable-Rate Mortgage - Option ARM

  4. Origination

  5. Origination Fee

  6. Origination Points

  7. Other Real Estate Owned - OREO

  8. Overextension

  9. Owner Financing

  10. Owner-Occupant

  11. Owners' Equivalent Rent - OER

  12. Partial Release

  13. Participation Mortgage

  14. Party Wall

  15. Passive Loss

  16. Past Due

  17. Paydown Factor

  18. Payment Option ARM

  19. Payment Option ARM Minimum Payment

  20. Payment Shock

  21. Payoff Statement

  22. Pending Home Sales Index - PHSI

  23. Per Diem Interest

  24. Percentage Lease

  25. Perfect Title

  26. Perfected Lien

  27. Periodic Interest Rate

  28. Periodic Interest Rate Cap

  29. Personal Property

  30. Personal Use Property

  31. Piggyback Mortgage

  32. Pipeline Theory

  33. Pledged Asset

  34. Pocket Listing

  35. Points

  36. Portfolio Lender

  37. Possessory Lien

  38. Power center

  39. Power Of Sale

  40. Pre-Approval

  41. Pre-Foreclosure

  42. Preferred Debt

  43. Prepaid Finance Charge

  44. Prepaid Interest

  45. Prepayment

  46. Prepayment Model

  47. Prepayment Penalty

  48. Prepayment Privilege

  49. Prepayment Risk

  50. Price Level Adjusted Mortgage - PLAM

  51. Price-to-Rent Ratio

  52. Primary Mortgage Market

  53. Prime Conforming

  54. Principal Reduction

  55. Principal, Interest, Taxes, Insurance - PITI

  56. Prior Lien

  57. Private Buyer

  58. Private Mortgage Insurance - PMI

  59. Propco

  60. Property

  61. Property Derivative

  62. Property Lien

  63. Property Management

  64. Property Manager

  65. Purchase Mortgage Market

  66. Purchase-Money Mortgage

  67. Qualification Ratio

  68. Qualified Exchange Accommodation Arrangements

  69. Qualified Mortgage

  70. Qualified Mortgage Insurance Premium

  71. Quiet Title

  72. Quitclaim Deed

  73. Rate And Term Refinance

  74. Rate Of Return

  75. Rate-Improvement Mortgage

  76. Readvanceable Mortgage

  77. Real Asset

  78. Real Estate

  79. Real Estate Agent

  80. Real Estate Investment Group

  81. Real Estate Investment Trust - REIT

  82. Real Estate Limited Partnership - RELP

  83. Real Estate Mortgage Investment Conduit - REMIC

  84. Real Estate Mortgage Investment Conduits - REMIC

  85. Real Estate Operating Company - REOC

  86. Real Estate Owned - REO

  87. Real Estate Settlement Procedures Act - RESPA

  88. Real Estate Short Sale

  89. Real Property

  90. Realtor

  91. Recapture Clause

  92. Recast Trigger

  93. Recording Fee

  94. Recourse Loan

  95. Recovery Property

  96. Recurring Debt

  97. Reduction Certificate

  98. Refi Bubble

  99. Refinance Wave

  100. Refinancing Risk

Hot Definitions
  1. Treasury Inflation Protected Securities - TIPS

    A treasury security that is indexed to inflation in order to protect investors from the negative effects of inflation. TIPS are considered an extremely low-risk investment since they are backed by the U.S. government and since their par value rises with inflation, as measured by the Consumer Price Index, while their interest rate remains fixed.
  2. Gilt-Edged Switching

    The selling and repurchasing of certain high-grade stocks or bonds to capture profits. Gilt-edged switching involves gilt-edged security, which can be high-grade stock or bond issued by a financially stable company such as the Blue Chip companies or by certain governments.
  3. Master Limited Partnership - MLP

    A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
  4. Class Action

    An action where an individual represents a group in a court claim. The judgment from the suit is for all the members of the group (class).
  5. Retail Sales

    An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce.
  6. Okun's Law

    The relationship between an economy's unemployment rate and its gross national product (GNP). Twentieth-century economist Arthur Okun developed this idea, which states that when unemployment falls by 1%, GNP rises by 3%. However, the law only holds true for the U.S.
Trading Center