Mortgage

RECENT NEWS
CNNMoney.com  Jun 5  Comment 
Tell grandma not to believe those ads about reverse mortgages that promise free money.
MarketWatch  Jun 4  Comment 
U.S. benchmark 30-year mortgage rate at highest level since 2014
Motley Fool  Jun 3  Comment 
If you don't know who services or owns your mortgage, Mortgage Electronic Registration Systems can be a useful tool.
Forbes  Jun 3  Comment 
An industry colleague recently made an interesting comment during a conversation we were having about MSAs (Marketing Services Agreements). He was referring to the dynamics between real estate firms and mortgage lenders and he said; “How is this...
guardian.co.uk  Jun 2  Comment 
Bank of England figures show number of house loan approvals for April hits 68,000, on the back of mortgage ‘price war’ The number of homebuyer mortgages approved by high street banks has notched up its biggest monthly rise for more than...
newratings.com  Jun 2  Comment 
LONDON (dpa-AFX) - U.K. mortgage approvals increased to a 14-month high in April, the Bank of England said Tuesday. The number of mortgages approved for house purchases rose more-than-expected to 68,076 in April from 61,945 in March. This was...
Banking Business Review  Jun 2  Comment 
irst Financial Bankshares' wholly-owned subsidiary, First Financial Bank has completed an asset purchase with 4Trust Mortgage for a purchase price of $1.9m in cash.
newratings.com  Jun 2  Comment 
NEW YORK CITY (dpa-AFX) - First Tennessee Bank N.A. has agreed to pay the United States $212.5 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S....
New York Times  Jun 2  Comment 
The Supreme Court ruled that second mortgages may not be voided if the property is worth less than the mortgage debt.




 
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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