A B C D E F G H I J K L M
N O P Q R S T U V X W Z

S

Secondary Market
A market for the purpose of purchase and sale of existing mortgages usually at discounted prices to provide greater liquidity to the mortgagee/lender.
Servicing
All the steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like.
Settlement
See Closing.
Settlement Costs
See Closing Costs.