Mortgage

RECENT NEWS
Clusterstock  11 min ago  Comment 
The widely-followed MBA weekly mortgage application index used to be considered a leading indicator for home sales. But in recent years mortgage applications have been flat while home sales have risen, according to Hui Shan at Goldman...
guardian.co.uk  Aug 18  Comment 
Banking business boosts profits 141% but largest mortgage provider for first-time buyers lending down by a third Profits at Nationwide building society soared by 141% in the three months from April to June 2014 despite a one-third drop in lending...
Banking Business Review  Aug 18  Comment 
Barclays is tomorrow launching new and reduced mortgage rates by up to 0.20 per cent age points for high LTV (Loan to Value), which will support first time buyers and those customers with a smaller deposit.
SeekingAlpha  Aug 16  Comment 
By Joseph Calhoun: By Jeffrey P. Snider It seems as if there is a little more complexity taking place in mortgage finance, and therefore the housing "market", as the simplified idea of rates running the show isn't holding water. On the...
Motley Fool  Aug 16  Comment 
Special rates often apply to FHA mortgages, but they come with some extra hurdles.
Motley Fool  Aug 16  Comment 
Having a good job and credit score isn't enough. There are some things lenders take a very close look at that you should know about before you get started.
SeekingAlpha  Aug 15  Comment 
By Donald van Deventer: Kamakura Corporation projections for U.S. Treasuries and fixed rate mortgages this week show that the implied forward yields for 15 year fixed rate mortgages rise from a current effective yield of 3.327% (down 0.03% from...
Reuters  Aug 15  Comment 
Canada's Alberta Investment Management Corp said on Friday it had acquired a C$520.3 million ($477 million) mortgage portfolio from the Ontario Municipal Employees...
Clusterstock  Aug 14  Comment 
By Michelle Conlin and Peter Rudegeair (Reuters) - Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase...




 
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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