Mortgage

RECENT NEWS
Motley Fool  10 hrs ago  Comment 
Breaking down the do's and don'ts of buying mortgage discount points for first-time homebuyers.
Wall Street Journal  Aug 29  Comment 
Canada Mortgage and Housing Corp. reported a stronger profit for the second quarter, results that also signaled the national housing agency is making progress on efforts to reduce taxpayer exposure to the housing market.
TheStreet.com  Aug 28  Comment 
NEW YORK (TheStreet) — With 30-year mortgage rates at a 2014 lowaof 4.25%,alate summer buyers may wantato step in now and buy a home while the deal makes more sense for their household budget. But there's one group showing less and less...
Banking Business Review  Aug 28  Comment 
The Financial Conduct Authority (FCA) of the UK has ordered the Royal Bank of Scotland (RBS) and NatWest to pay a fine of around £14.5m for failing to meet advisory standards in mortgage sales business.
Wall Street Journal  Aug 28  Comment 
In the first half of the year, lenders that aren't banks made almost a quarter of all mortgage loans, the highest level since at least the financial crisis.
The Australian  Aug 27  Comment 
THE Reserve Bank has issued its sternest warning yet about allowing more funds to flood the property market.
StreetInsider.com  Aug 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/MBA+Mortgage+Applications+2.8%25+vs+1.4%25+Prior/9785764.html for the full story.
Financial Times  Aug 27  Comment 
Two-thirds of owners discounted their asking prices to sell their homes in July, according to the National Association of Estate Agents
Mondo Visione  Aug 27  Comment 
The Financial Conduct Authority (FCA) has today fined The Royal Bank of Scotland and NatWest £14,474,600 for serious failings in their advised mortgage sales business. The firms failed to ensure that advice given to customers was suitable....




 
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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