Mortgage

RECENT NEWS
New York Times  10 hrs ago  Comment 
Financial regulators, trying to increase access to home loans, have relaxed many rules designed to prevent a repeat of the 2008 subprime crisis.
MarketWatch  Oct 22  Comment 
Tumbling mortgage rates recently prodded borrowers to jump through paperwork hoops to refinance, but didn’t lure prospective home buyers.
Yahoo  Oct 22  Comment 
Mortgage rates dropped to their lowest level, causing an 11.6 percent jump in mortgage applications, according to the Mortgage Bankers Association.
StreetInsider.com  Oct 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/MBA+Mortgage+Applications+11.6%25+vs+5.6%25+Prior/9930300.html for the full story.
Wall Street Journal  Oct 22  Comment 
A push to tighten mortgage-lending standards in the wake of the housing bust has given way to making credit more accessible as Washington frets about the strength of the housing recovery.
MarketWatch  Oct 21  Comment 
The biggest portion of the jump is expected to come from new mortgages, which are projected to increase 15% to $731 billion.
Wall Street Journal  Oct 21  Comment 
New qualified residential-mortgage rules undermine a key risk-retention provision of the Dodd-Frank Act. That leaves the financial system more vulnerable to slipshod mortgage lending.




 
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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