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Mortgage applications plunge; Employment market data mixed

This is a discussion on Mortgage applications plunge; Employment market data mixed within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage applications plunged in the week ended September 26, according to the Mortgage Bankers Association. The purchase index dropped 10.9% ...


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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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Old 10-01-2008, 12:45 PM
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Default Mortgage applications plunge; Employment market data mixed

Mortgage applications plunged in the week ended September 26, according to the Mortgage Bankers Association. The purchase index dropped 10.9% from the previous week, while the refinance index tanked 34.7%. At 304.8, the purchase index ...

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applications, data, employment, market, mixed, mortgage, plunge


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