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Refinancing Drives Increase in Mortgage Applications

Refinancing Drives Increase in Mortgage Applications

This is a discussion on Refinancing Drives Increase in Mortgage Applications within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 24, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 18, 2008. The ...

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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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01-23-2008, 09:05 PM

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Refinancing Drives Increase in Mortgage Applications

24, 2008-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 18, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 981.5, an increase of ...

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