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http://test.ginniemae.gov/Pages/glossary.aspx?letter=O
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Glossary

TermDefinition
Open-end MortgageA mortgage allowing the borrower to receive advances of principal from the lender during the life of the loan. See also: Closed-end Mortgage.
Origination FeeThe amount charged by a lender to originate and close a mortgage loan. Origination fees are usually expressed in points.
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Last Modified: 6/13/2016 3:11 PM