RECENT NEWS  7 hrs ago  Comment 
NEW YORK (MainStreet) — Reverse mortgages are all over today. For people who didn't save enough to keep themselves in their lifestyle after retirement, they provide a valuable tool for closing the gap between needs and income. But are they for...  11 hrs ago  Comment 
WASHINGTON (dpa-AFX) - Mortgage application volumes in the U.S. increased only slightly last week for the second week in a row, despite a decline in mortgage loan rates, according to data from the Mortgage Bankers Association's (MBA) Weekly...  Jul 29  Comment 
Mortgages price war coupled with the spring buying season and threat of interest rate hike raise Bank of England’s lending figures Mortgage lending bounced back in June following the election as homebuyers continued to take advantage of a home...
SeekingAlpha  Jul 29  Comment  Jul 29  Comment 
LONDON (dpa-AFX) - U.K. mortgage approvals increased more than expected in June and secured lending climbed most since 2008, data from the Bank of England showed Wednesday. The number of loan approvals for house purchase totaled 66,582 in June,...  Jul 28  Comment 
NEW YORK (MainStreet) - Times have changed, and that goes double for the for the mortgage industry in the aftermath of the Great Recession. Take, for instance, the prospect of a low downpayment mortgage, an option attractive to millions of new...
Clusterstock  Jul 28  Comment 
An Irish bank is paying €50,000 to people who lost their houses because they were charged the wrong interest rate. Permanent TSB estimates that around 61 people may have been forced out of their homes because of the error. The bank said it...
Financial Times  Jul 28  Comment 
Challenger bank warns new tax will dampen future returns  Jul 24  Comment 
BRUSSELS (dpa-AFX) - At 4:30 am ET Friday, British Bankers' Association is set to publish June mortgage approvals data. The number of mortgages approved for house purchases is seen rising to 43,300 in June from 42,530 in May. Ahead of the...


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=">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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