Mortgage

RECENT NEWS
MarketWatch  Jan 28  Comment 
First-time home buyers, many of them millennials, will receive some long-awaited mortgage assistance this year.
MarketWatch  Jan 27  Comment 
Mortgages with low down payments can be just as safe if other underwriting conditions are met, a federal housing regulator said Tuesday.
Forbes  Jan 27  Comment 
Florida lead the pack for highest number of mortgage fraud reports in 2010, according to the LexisNexis Mortgage Asset Research Institute Fraud Index (MFI).
New York Times  Jan 26  Comment 
Ocwen Financial is accusing a group of mortgage-bond investors of pushing for fast foreclosure and objecting to principal reductions on billions of dollars in mortgages.
TheStreet.com  Jan 26  Comment 
NEW YORK (TheStreet) -- Big banks are continuing to back away from offering mortgages, allowing nonbank lenders such as Freedom Mortgage and Quicken Loans to grab a bigger share of the market. Although the big banks such as Bank of America ,...
guardian.co.uk  Jan 26  Comment 
Despite rising house prices, the mortgage market has improved considerably over the past 12 months – even for those with very small deposits Aspiring first-time buyers hoping to swap landlords’ keys for a set to their own home have been hit...




 
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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