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Glossary of Real Estate Industry Terms Mortgage Masters Group MORTGAGE REVENUE BONDS – Bonds sold on a state or local level (tax exempt) to finance real estate sales, construction, or refurbishing. Used in many instances to create affordable housing. mortgage saving (OR SAVINGS) CLAUSE – clause in the CC&R’s (covenants, conditions, and restrictions) which states that a violation of the CC&R’s shall not defeat a subsequent mortgage made in good faith and for value.

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TIAA Bank to stop retail branch mortgage lending, sell some branches to U.S. Bank, potential layoffs. purchased Litton Loan Servicing Goldman Sachs – to cut 1,500 jobs Granite Bank – acquired cousins home lending. filed for bankruptcy, sold to hedge fund manager michael klein Quick. NMLS ID 139716.

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