Mortgage

RECENT NEWS
Wall Street Journal  Apr 26  Comment 
U.S. banks are making more mortgage loans, and keeping the biggest mortgages on their books.
newratings.com  Apr 26  Comment 
LONDON (dpa-AFX) - Home loan approvals unexpectedly declined for a second straight month in March to their lowest level in three months, figures from the British Bankers' Association showed Tuesday. The number of loans approved for house...
MarketWatch  Apr 22  Comment 
Americans are paying their mortgages on time in ever greater numbers.
Forbes  Apr 21  Comment 
Mortgage rates held near their recent lows this week, with 30-year, fixed-rate loans averaging 3.59 percent. Last week, the average rate was 3.58 percent. A year ago it was 3.65 percent, according toFreddie Mac.
TechCrunch  Apr 21  Comment 
 Home loans are the Holy Grail of online lending. They come with high loan balances, steady returns and hefty fees. There also is a healthy liquid market for the securitized loans, and the debt is asset backed, which reduces risk and opens up the...
newratings.com  Apr 20  Comment 
WASHINGTON (dpa-AFX) - U.S. mortgage applications rose to their highest in about two months as interest rates on 30-year fixed-rate mortgages remained low, the Mortgage Bankers Association reported Wednesday. The MBA's weekly mortgage market...
SeekingAlpha  Apr 20  Comment 
SeekingAlpha  Apr 20  Comment 
Financial Times  Apr 19  Comment 
Lender pursues deals with independent advisers to comply with more stringent affordability rules
The Australian  Apr 19  Comment 
CBA is curbing lending to borrowers heavily reliant on offshore income, amid concern about the apartment market.




 
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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