Mortgage-pipeline risk

(redirected from Mortgage Pipeline Risk)

Mortgage-pipeline risk

The risk associated with taking applications from prospective mortgage borrowers who may opt to decline to accept a quoted mortgage rate within a certain grace period.

Mortgage-Pipeline Risk

In mortgages, the risk that the prospective borrower will decline a mortgage within a certain period of time. Many lenders agree to set the interest rate at the prevailing rate at the time the sale of the property closes. The lender is therefore exposed to the risk that the prevailing interest rate will fall between the time the agreement is reached and the closing of the sale. If the borrower declines the mortgage between that agreement and the close, the lender will have lost the potential gain from the higher interest rate. See also: Reverse Price Risk.
References in periodicals archive ?
Mortgage Markets is a business marketed by the National Housing Group with operations run off of the Specialty Finance Products Desk, and is currently engaged by seven state and local housing finance agencies to manage the mortgage pipeline risk associated with their programs.
As a subsidiary of Optimal Blue, this investment also includes Denver-based Secondary Interactive, a leading provider of mortgage pipeline risk management, best execution and loan allocation services and technology.
A premier provider of mortgage pipeline risk management services, the company hedged over $130 billion in mortgage loans in the past two years.
Headquartered in Denver, Secondary Interactive offers mortgage pipeline risk management and best execution technology to mortgage bankers.
a mortgage pipeline risk management firm in Mill Valley, California, where he also ran the trading desk for a number of years.
Tuttle Risk Management Services (TRMS) provides outsourced risk management and trade execution services and the licensing of proprietary software that provides mortgage pipeline risk management solutions for mortgage companies and savings and loan associations that seek to originate and then sell loans into the secondary mortgage market.
Through its subsidiary, Tuttle Risk Management Services, LION provides hands-on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market.
Through its subsidiary, Tuttle Risk Management Services LLC, LION provides hands-on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market.

Full browser ?