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Mortgage Purchase Applications Near 8-Year Low - Real Estate * US

This is a discussion on Mortgage Purchase Applications Near 8-Year Low - Real Estate * US within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Applications for US home bmortgages/b declined last week, with loans for purchases of single-family homes falling to their lowest level ...


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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 11-19-2008, 11:52 AM
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Default Mortgage Purchase Applications Near 8-Year Low - Real Estate * US ...

Applications for US home bmortgages/b declined last week, with loans for purchases of single-family homes falling to their lowest level in nearly eight years, an industry group said on Wednesday.

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