Multifamily Operations Ancillary Income Income beyond rent — pet fees, parking, laundry, application fees.
Multifamily Operations Class A/B/C Multifamily Quality classifications based on age, amenities, and rents — A is newest, C is older.
Mortgage Loans Portfolio Loan A mortgage a lender keeps on its own books rather than selling to investors.
Mortgage Securitization Pooling and Servicing Agreement (PSA) The contract governing a securitized mortgage pool and its participants.
Mortgage Securitization Re-REMIC A re-securitization of mortgage-backed securities into new tranches.
Mortgage Securitization RMBS Residential Mortgage-Backed Security — a bond backed by residential mortgages.
Mortgage Securitization Servicer The company that collects payments and manages a mortgage on behalf of the loan owner.
Mortgage Securitization Servicing Strip The fee paid to the servicer carved out of the loan’s interest rate.
Mortgage Securitization Subordination Level The percentage of pool losses a senior tranche can absorb before being affected.
