Mortgage

RECENT NEWS
Reuters  Mar 2  Comment 
Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of agency loans to an undisclosed buyer.
Insurance Journal  Mar 2  Comment 
MetLife’s home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn’t meet federal requirements. The Justice Department said on Feb. 25 that MetLife knew the...
Wall Street Journal  Mar 2  Comment 
Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.
Benzinga  Mar 2  Comment 
In a report published Monday, Compass Point analyst Jason Stewart reiterated a Neutral rating and $15.00 price target on Western Asset Mortgage Capital (NYSE: WMC). In the report, Compass Point noted, "We reiterate our Neutral rating and $15...
Motley Fool  Mar 1  Comment 
Three Motley Fool experts offer their tips.
The Times of India  Feb 26  Comment 
Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis.
New York Times  Feb 26  Comment 
The deal is expected to be one of the last major steps in the Justice Department’s push to make banks pay for their role in the subprime crisis.
Forbes  Feb 25  Comment 
Lenda streamlines the refinancing process from two months to two-and-a-half weeks, but it isn't stopping there.




 
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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