MarketWatch  Jul 16  Comment 
The average rate for a 30-year fixed-rate mortgage climbed to 4.09% in the week that ended July 16, reaching the highest rate since October, from the prior week's reading of 4.04%, according to a Thursday report from federally controlled mortgage...
Forbes  Jul 16  Comment 
Lloyd Blankfein, CEO of Goldman Sachs, attributed falling fixed income trading activity to economic uncertainty in Europe. However, the bank's relatively stable revenue and rising adjusted profits reflected strong corporate and investor activity...
New York Times  Jul 16  Comment 
If you try to time your mortgage decision based on a hunch about future rates, you are betting that you have outsmarted the entire global bond market.  Jul 16  Comment 
Council of Mortgage Lenders says figure is ‘flattered’ by post-election certainty, and cuts forecasts for 2015 and 2016 Gross mortgage lending leapt by 29% in June to its highest level in seven years, as uncertainties over the election...
Clusterstock  Jul 15  Comment 
Home Capital Group, Canada’s largest non-bank mortgage lender, focuses on “alternative” mortgages, as they’re called euphemistically, that is high-profit mortgages to risky borrowers with dented credit or unreliable incomes, such as...
Wall Street Journal  Jul 15  Comment 
Major mortgage lenders and consumer advocates are aiming to convince the Obama administration to ease up on lawsuits that they say are driving banks away from lending to borrowers with weak credit.
MarketWatch  Jul 15  Comment 
In the competitive U.S. mortgage market, bank giants are battling to be runner up in customer satisfaction for mortgages.
Reuters  Jul 15  Comment 
A proposal by Poland's governing party on the partial conversion of mortgages denominated in Swiss francs would result in a loss for Polish banks of about $2.5 billion,...


A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt.

The term <a href=">mortgage</a> refers to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan. With the advent of the mortgage backed securities, the market for mortgage loan has been growing quickly and is estimated as large as the Treasury debt market.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately.

The interest rate required of a mortgage is determined by the credit rating of the borrower -- most often divided into prime and subprime mortgage. It may also be related to the strategy of the lender in that, depending on growth targets and competition, the lender may offer more competitive rates.

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