Mortgage

RECENT NEWS
SeekingAlpha  Sep 27  Comment 
Insurance Journal  Sep 26  Comment 
Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped. Freddie Mac on Monday planned to say it will start …
Reuters  Sep 26  Comment 
The U.S. Securities and Exchange Commission has dropped several claims against two former executives at now-defunct home lender Thornburg Mortgage Inc in a lawsuit brought in the wake of the 2008 financial crisis.
BBC News  Sep 26  Comment 
The number of people taking out mortgages fell to its lowest level for 19 months in August, according to the UK's main banks.
New York Times  Sep 23  Comment 
New York’s financial regulator is investigating multiple complaints from consumers.
Insurance Journal  Sep 23  Comment 
Canada’s financial services regulator released new draft capital requirements for federally regulated mortgage insurers to better reflect growing risks in the country’s housing markets. The Office of the Superintendent of Financial...
MarketWatch  Sep 22  Comment 
U.S. mortgage rates tick lower
newratings.com  Sep 21  Comment 
WASHINGTON (dpa-AFX) - Mortgage applications in the U.S. dropped 7.3 percent last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, decreased 7.3 percent on...




 
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.

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