alternative mortgage instrument

Also found in: Acronyms

0.01 sec.

Alternative Mortgage Instrument

Any mortgage loan other than a fixed rate, amortized, conventional mortgage. Examples include adjustable-rate mortgages and hybrid mortgages. They are most popular when interest rates are high and more people cannot afford a regular mortgage, or when a larger number of people are buying investment property. The proliferation of alternative mortgage instruments has been cited as a contributing factor in causing the 2008 economic crisis.

Any mortgage other than a fixed-rate, fixed-term, fully amortizing mortgage.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Alternative Mortgage Instruments AMI			The use of alternative mortgage instruments further stimulated the adoption of technology in mortgage servicing. The New Economics of Mortgaging by JACOBIDES, MICHAEL G. / Mortgage Banking Because lenders set qualification standards in terms of the ratio of current values, and because borrowers had no alternative mortgage instrument to make housing more affordable, those unable to provide a larger down payment were constrained to purchase less costly houses (or to forgo their purchase). Real estate by Hendershott, Patric H. / NBER Reporter To account for the effect of lenders' responses toward different types of mortgage instruments, ratediff is separated according to whether the mortgage is a fixed-rate mortgage (FRM) or an alternative mortgage instrument (AMI). A new look at forbearance by Springer, Thomas M.; Waller, Neil G. / Mortgage Banking			Alquiler con opcion a compra Alquiler neto ALT Alt-A ALTA Alteration of Share Capital alterations Altered Check Alternate Director Alternate Sponsorship Alternate Weeks Alternate-Bundles Run Alternative Assets Alternative Currency Option Alternative Delivery Procedure Alternative Depreciation Schedule Alternative Documentation Alternative Hypothesis Alternative Investment Alternative Investment Market alternative investments Alternative Media Alternative Minimum Cost Method alternative minimum tax Alternative Minimum Tax Income alternative mortgage instrument Alternative Mortgage Instruments Alternative Order Alternative Risk Financing Facility Alternative Tariff Alternative Valuation Date alternative workspace Altman Z-Score Aluguel Aluminum Alza potencial Alza tecnica AM AM Station Amass Amateur Investor Amazonian Cooperation Treaty Ambac Assurance Corporation AMBAC Financial Group, Inc. Ambassador Ambiguity Ambiguous Statement AMD Amend Amended Return amendment			Alternative medicine (issues with and criticism of) Alternative medicine (issues with and criticism of) Alternative Medicine Center Alternative Medicine Examiners Council of Canada Alternative Medicine Foundation Alternative Medicine Foundation, Inc. Alternative Medicine Integration Alternative Medicine Naturopathic Association Alternative Medicine Program Advisory Council Alternative Medicine Review Alternative medicine. Alternative medicine. Alternative medicine. Alternative medicines Alternative medicines Alternative medicines Alternative Method of Compliance Alternative Minimum Cost Method Alternative Minimum Tax Alternative Minimum Tax Alternative Minimum Tax Alternative Minimum Tax Alternative Minimum Tax Exemption Alternative Minimum Tax Exemptions Alternative Minimum Tax Income Alternative Minimum Tax Incomes Alternative Minimum Taxes Alternative Mining Bill Alternative minumum tax Alternative Mobile Service Provider alternative mortgage instrument Alternative mortgage instruments Alternative Mortgage Transaction Parity Act Alternative Motor Fuel Alternative Motor Fuels Act Alternative Motor Vehicle Credit Alternative Multiple Spanning Tree Protocol Alternative Music Society Alternative Musical Technologies Alternative names of Zeila Alternative Net Operating Losses Alternative Network Information Center Alternative Network Operator Alternative news Alternative News Source Alternative Nicotine Delivery System Alternative Onsite Sewage System Alternative Onsite Wastewater Treatment System Alternative Operating Procedure Alternative or Augmentative Communication Alternative order Alternative Orders Alternative oxidase alternative pathway alternative pathway alternative pathway of complement activation

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.