A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
O
- Office of thrift supervision (OTS)
The regulatory and supervisory agency for federally chartered savings institutions.
Formally known as Federal Home
Loan Bank Board.
- One-year
adjustable
Mortgage whose annual rate changes yearly. The rate is usually based on movements of a
published index plus a specified margin, chosen by the lender.
- Origination
fee
The fee charged by a lender to prepare loan documents, make credit checks, inspect and
sometimes appraise a property; usually computed as a percentage of the face value of the
loan.
- Owner financing
A property purchase transaction in which the party selling the property provides all or
part of the financing.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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