Mortgage

RECENT NEWS
Clusterstock  Aug 17  Comment 
NEW YORK (Reuters) - Weekly applications for U.S. mortgages to buy homes slipped to a six-month low even as interest rates on fixed-rate home loans fell, according to data from an industry group released on Wednesday. The Mortgage Bankers...
newratings.com  Aug 17  Comment 
SeekingAlpha  Aug 17  Comment 
MarketWatch  Aug 17  Comment 
Comparison shopping for most stuff is easy. You can shop prices and get buyer reviews online for just about everything. Mortgages, though? Different deal.
Clusterstock  Aug 16  Comment 
There are just three states in the US where mortgage delinquency rates have increased from a year ago. They are all in the oil patch. North Dakota, Wyoming, and West Virginia — states heavily dependent on oil, gas, and coal mining — have...
New York Times  Aug 14  Comment 
A federal lawsuit filed in New York claims that private investors who have taken ownership of federally insured mortgages are putting black homeowners at higher risk of foreclosure.
Reuters  Aug 12  Comment 
* GE receives binding offer for sale of French prime mortgage portfolio
Forbes  Aug 11  Comment 
Good economic news pushed mortgage rates up last week, with a 30-year fixed loan averaging 3.45 percent. A year ago, rates averaged 3.94 percent, according to Freddie Mac’s weekly survey.
Wall Street Journal  Aug 9  Comment 
Hong Kong builders in recent months have been enticing buyers with mortgage deals covering as much as 123% of the price of new homes, hoping to win sales.




 
TOP CONTRIBUTORS

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="http://www.bankrate.com/>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.

People normally pay me for this and you are giivng it away!

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