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Mortgage

RECENT NEWS
Bucks Blog: Mortgage Relief Offered to Oklahoma Tornado Victims
New York Times  9 hrs ago  Comment 
The federal government has imposed a 90-day moratorium on foreclosures of homes with mortgages owned or backed by the Federal Housing Administration in areas devastated by this week’s tornado.     
Cooling housing market will cost us 150,000 jobs, mortgage group warns
CBC.ca  May 22  Comment 
The government's effots to cool the housing market will have a negative impact on the economy and the range of industries that depend on house sales — everything from mortgage financing to furniture and appliance sales — the group that...
Fortress Is Betting On Bill Collectors With Mortgage Servicer Nationstar
Forbes  May 22  Comment 
The tedious business of mortgage servicing is now the sexiest profitmaker on Wall Street.
BofA, JPMorgan say they have fulfilled mortgage settlement terms
Bankstocks.com  May 22  Comment 
Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under
MBA Mortgage Applications -9.8% vs -7.3% Prior
StreetInsider.com  May 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/MBA+Mortgage+Applications+-9.8%25+vs+-7.3%25+Prior/8360647.html for the full story.
Nationwide mortgage lending rises
BBC News  May 22  Comment 
The UK's largest building society, Nationwide, says its share of the mortgage market has reached a record high.
Moscow Exchange Starts Trading The First Ever Russian Mortgage Certificates
Mondo Visione  May 22  Comment 
Today the Moscow Exchange welcomes mortgage-backed participation certificates* "ISU-1" managed by GFT CAPITAL Asset Management Company on its quotation list A1 intended for top securities. The securities represent a new instrument on the...
Bank of Ireland reverses mortgage rate increase for 1,200 borrowers
guardian.co.uk  May 21  Comment 
Following a review, some of the 13,500 customers told to expect a rise in the cost of their loans have had a reprieve Bank of Ireland has written to 1,200 borrowers threatened with an increase in their mortgage rate to advise them they will not...
Mortgage lending up 4% – the highest level for four years
guardian.co.uk  May 21  Comment 
Despite the increase, CML says average value of new home loans barely half what it was before financial crisis Mortgage lending increased by 4% in April to the highest level in more than four years, but the Council of Mortgage Lenders said the...
Letters: More social housing needed, not sell-offs and mortgage subsidy
guardian.co.uk  May 20  Comment 
The revelation that councils are forking out billions on temporary accommodation comes as no surprise (Housing bill rockets as councils are forced to use B&Bs, 20 May). Housing for Women's experience is that increasingly local authorities are...




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Stephen Lihn

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.

People normally pay me for this and you are giivng it away!

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