Mortgage

RECENT NEWS
Motley Fool  Sep 17  Comment 
Reverse mortgages can serve many retirees well, but they're not perfect for everyone, and they have some downsides worth considering.
Wall Street Journal  Sep 16  Comment 
The German lender faces demands to pay $14 billion. But, while that won’t be the final number, the penalty still looks damaging.
newratings.com  Sep 16  Comment 
FRANKFURT (dpa-AFX) - Deutsche Bank AG (DB) said that it would not pay the $14 billion sought by the U.S. Justice Department to settle an investigation into the company's sale of residential mortgage-backed securities. "Deutsche Bank has no...
MarketWatch  Sep 15  Comment 
Single women fare worse than single men when it comes to getting home loans, one study shows.
MarketWatch  Sep 15  Comment 
U.S. mortgage rates hit highest levels since Brexit vote
MarketWatch  Sep 15  Comment 
Mortgage rates snapped an 11-week streak below 3.48%.
newratings.com  Sep 14  Comment 
WASHINGTON (dpa-AFX) - Mortgage applications in the U.S. rose 4.2 percent last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, increase 4.2 percent on...
SeekingAlpha  Sep 14  Comment 




 
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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