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Mortgage

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Wells Hands Over Mortgage Records
Bankstocks.com  May 25  Comment 
Wells Fargo has handed over hundreds of emails and other documents to the
Realty Q&A: Frustrated borrowers seeking mortgage help
MarketWatch  May 25  Comment 
Lew Sichelman shares readers’ tales of borrowers seeking mortgage help—and failing miserably.
[$] USDA Cracks Down When Mortgages Go Bad
Wall Street Journal  May 25  Comment 
The USDA has a special program that allows it to issue mortgages, but it can be tough on borrowers who fall behind on their payments. Unlike private firms, it doesn't need court permission to start collecting on unpaid debts.
UK: BBA Mortgage Approvals rise to 32.4K in April
FX Street  May 24  Comment 
FXstreet.com (Barcelona) - The number of mortgage approvals for house purchase in the U.K. totaled... For more information, read our latest forex news and reports.
RBC cuts mortgage rates
Canada.com  May 23  Comment 
The Royal Bank of Canada announced Wednesday that it was cutting its residential mortgage rate by 0.1 of a percentage point to 5.34% for a fixed five-year closed rate agreement
Ann Arbor CEO and Author Earns Honorary Doctorate From Cleary University
PR Newswire  May 23  Comment 
ANN ARBOR, Mich., May 23, 2012 /PRNewswire/ -- Dan Milstein, Chief Executive Officer of Gold Star Mortgage Financial Group in Ann Arbor and author of the bestselling book The ABC of Sales will receive an honorary doctorate degree in Business Science
Western Asset Mortgage Defined Opportunity Fund Inc. Announces Financial Position as of March 31, 2012
Business Wire  May 23  Comment 
Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE:DMO) today announced the financial position of the Fund as of March 31, 2012.           Current Q Previous Q Prior Yr Q March 31, 2012 December 31, 2011 March 31, 2011 Total Assets (a) $
US: MBA Mortgage Applications rose 3.8% last week
FX Street  May 23  Comment 
FXstreet.com (Barcelona) - The Mortgage Bankers Association revealed last week’s change in mortgage... For more information, read our latest forex news and reports.
Nationwide lifts mortgage lending
BBC News  May 23  Comment 
The Nationwide, the UK's largest building society, says it increased mortgage lending sharply last year and is now looking at lending to businesses.




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 
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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 mortgage 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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