Mortgage

RECENT NEWS
The Straits Times  Jul 18  Comment 
July 19, 2014 12:57 AM MORE private home owners are not making their mortgage payments on time, figures from the Credit Bureau of Singapore show.
Motley Fool  Jul 17  Comment 
A weak of little economic news can't save mortgage rates from renewed slippage.
Banking Business Review  Jul 17  Comment 
Bank of America (BofA) has reportedly offered to pay $13bn to the US regulators to resolve the long-running defective residential-mortgage-securities sale investigation.
SeekingAlpha  Jul 16  Comment 
By Michael Ide Since banks often release opaque data, Sterne Agee focuses on special servicers to get a better understanding of the industry. While banks break out their earnings for mortgages, they don’t necessarily go into enough...
newratings.com  Jul 16  Comment 
CHARLOTTE (dpa-AFX) - Financial services major Bank of America Corp. (BAC) has offered $13 billion to settle mortgage probe, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. But, the Justice Department is...
StreetInsider.com  Jul 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/MBA+Mortgage+Applications+-3.6%25+vs+1.9%25+Prior/9664000.html for the full story.




 
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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