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gpm
(redirected from Graduated-payment mortgage)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.03 sec.
gpm
Abbr. for “gallons per minute.”
GPM - General Purpose Macro-generator
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Low-down-payment loans were paired with experimental new products like adjustable-rate mortgages (ARMs), initial "teaser rates," negative-amortization mortgages and graduated-payment mortgages.
Insuring the American dream by Smith, Steve / Mortgage Banking
Graduated-payment mortgages and step-rate transactions without a variable-rate feature are not considered variable-rate transactions.
FINAL RULE--AMENDMENT TO REGULATION Z by Federal Reserve Bulletin
Examples of this kind of product include payment-option adjustable-rate mortgages (ARMs) and interest-only loans, as well as the resurrected graduated-payment mortgages (GPMs), which contain pre-set interest-rate changes.
Trends in subservicing market growth by Donatacci, Tom / Mortgage Banking
 
 
 
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