Mortgage

RECENT NEWS
New York Times  Dec 13  Comment 
Two couples who bought homes in 2008 and 2010 and put 5 percent or less down are doing fine, but they have been tested.
MarketWatch  Dec 11  Comment 
U.S. benchmark 30-year mortgage rate rises but remains sub-4%
Motley Fool  Dec 11  Comment 
Even if you have excellent credit, here are five problems you may run into during the mortgage process.
Insurance Journal  Dec 11  Comment 
Fannie Mae bought insurance to cover a portion of losses on $6.4 billion of home loans in the mortgage giant’s latest effort to share risks with private investors. The policy will cover as much as $193 million of losses on … The article...
Yahoo  Dec 10  Comment 
Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted ...
MarketWatch  Dec 10  Comment 
The mortgage delinquency rate is falling — but it’s still got a ways to go before it hits historical norms.
Yahoo  Dec 8  Comment 
Wells Fargo & Co, the largest U.S. mortgage lender, is set to go to trial on Monday as homeowners seek to recoup about $629 million for alleged overcharges by a company once owned by Wachovia Corp. Jury ...




 
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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