Mortgage

RECENT NEWS
Financial Times  Aug 22  Comment 
Building Societies Association says restrictions and caps should be reassessed after 18 months to check if market conditions have changed
SeekingAlpha  Aug 22  Comment 
By REIT Analyst: While I usually focus on mortgage REITs, which I can model quite accurately, I recently have taken a close look at mortgage insurance. Indeed, I realized I could model their business reasonably well, and it now appears to me that...
New York Times  Aug 22  Comment 
Documents in a settlement between the Bank of America and the Justice Department read like a highlight reel of mortgage sins.
CNNMoney.com  Aug 21  Comment 
Read full story for latest details.
New York Times  Aug 21  Comment 
Bank of America's financial burden for the settlement may not exceed $12 billion -- certainly a large amount, but one significantly less than the number the government trumpets.
New York Times  Aug 21  Comment 
Prosecutors are also preparing a separate civil case against Angelo Mozilo, the man who came to embody the risk-taking in subprime mortgage loans.
Yahoo  Aug 20  Comment 
Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ...
BBC News  Aug 20  Comment 
A total of £19.1bn is advanced to homebuyers in July, the Council of Mortgage Lenders says, amid warnings that the property market may face headwinds.




 
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!

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki