A portmanteau means a blend of two or more words and their meanings into one new word. An example is the word brunch meaning breakfast +lunch. Another is smog meaning a combination of smoke and fog. Some would consider a portmanteau a type of word morphing and we agree. Mortgage lending has had its share of portmanteau. In the last several years mortgage brokers who were transitioning to mortgage banking were sometimes phrased as Brankers. Branker is a morph of a mortgage banker and mortgage broker. A new mortgage lending portmanteau has evolved. It’s been here before, but we can’t call it what it really is because HUD doesn’t like the name....