Mortgage

RECENT NEWS
Wall Street Journal  7 hrs ago  Comment 
A top federal housing regulator in a speech Monday said Fannie Mae, Freddie Mac and lenders had reached an agreement in principle that could expand access to mortgages for many Americans.
MarketWatch  10 hrs ago  Comment 
For anyone who’s had trouble getting a loan over the past several years, Washington may finally have some good news to offer. Federal Housing Finance Agency Director Mel Watt told mortgage bankers here in Las Vegas he plans to make reforms...
Wall Street Journal  10 hrs ago  Comment 
New FHFA rules around mortgages sold to Fannie and Freddie won’t lead to noticeably relaxed restrictions on home loans soon.
New York Times  Oct 20  Comment 
Since credit remains tight for many borrowers, a federal regulator is trying to ease rules to put the housing market back on track.
newratings.com  Oct 20  Comment 
LONDON (dpa-AFX) - U.K. gross mortgage lending decreased slightly in August from last month, figures from the Council of Mortgage Lenders showed Monday. Gross mortgage lending totaled GBP 17.8 billion, down 1 percent from August. But it grew 10...
TheStreet.com  Oct 19  Comment 
By Josh Boak and Alex Veiga LOS ANGELES and WASHINGTON, D.C. -- A sudden plunge inamortgage rates last week raised an urgent question for millions of Americans: Should I refinance my mortgage? Must Read: 10 Stocks Carl Icahn Loves in...
Financial Times  Oct 19  Comment 
Peer-to-peer downpayment loans let buyers skirt requirements
Motley Fool  Oct 18  Comment 
If you're like many Americans, your home is your biggest asset. Make sure it's working for you.




 
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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