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Chicago called a declining market by mortgage insurers

Chicago called a declining market by mortgage insurers

This is a discussion on Chicago called a declining market by mortgage insurers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; According to an article in today’s Wall Street Journal, the entire Chicago region is now considered a declining market by ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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07-16-2008, 01:17 PM

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Chicago called a declining market by mortgage insurers

According to an article in today’s Wall Street Journal, the entire Chicago region is now considered a declining market by mortgage insurers. A total of four out of five of the largest nationwide insurers gave the market the poor rating. ...

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