Mortgage

RECENT NEWS
Wall Street Journal  Sep 11  Comment 
Still smarting from record-breaking mortgage settlements, banks are unlikely to go along with a government plan to expand low-income mortgage credit. It could actually lead to a lending contraction.
SeekingAlpha  Sep 11  Comment 
By Christopher F. Davis: Javelin Mortgage (NYSE:JMI) is a name I have covered in detail over the past two years. As it has been some time since my last deep analysis of the company, the purpose of this article is to examine the performance of key...
Canada.com  Sep 10  Comment 
Bank of Montreal is lowering the rate on its five-year fixed rate closed mortgage to 2.99%, a move that in the past has triggered a rate war among its competitors.
Yahoo  Sep 10  Comment 
Applications for U.S. home mortgages fell last week as interest rates rose for the first time in four weeks, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted ...
The Globe and Mail  Sep 9  Comment 
Drop in bank’s five-year fixed mortgage rate could spark a new price war
Wall Street Journal  Sep 9  Comment 
Ahead of the Tape: New layers of regulation as well as ongoing penalties seem to be holding back mortgage lending even as other forms of credit are booming.
guardian.co.uk  Sep 9  Comment 
Bank governor plays down hit to living standards saying rate rises would be gradual and peak well below 4-5% average Bank of England governor Mark Carney has warned trade union members they face paying higher mortgage rates before many of them...
Motley Fool  Sep 7  Comment 
Taking the time to get a preapproval before starting your house hunt can really pay off.




 
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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