Servicing release premium
Definition
A payment made by the purchaser of a mortgage to the seller for the release of the servicing on the mortgage. It has no direct relevance to borrowers.
Related Terms Other terms related to 'Servicing release premium' starting with the letter 'S' Sub prime borrower, Shopping site, Subordination policy, Simple interest mortgage, Single file mortgage insurance Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 