residential mortgage

(redirected from Residential Mortgages)

Residential mortgage

Mortgage on a residential property, tax-deductible for individuals up to $1 million.

Residential Mortgage

A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances.

residential mortgage

A loan secured by real property used for a personal residence or dwelling.

References in periodicals archive ?
a servicer and originator of residential mortgages, for $706 million, or $14.
7 billion in single-family residential mortgages in 1993 and serviced a loan portfolio of $16.
Headquartered in Richmond, VA, STM originates and services a full range of prime residential mortgages nationwide through its retail, wholesale and correspondent channels.
Since entering the Manhattan market just five months ago the New York City office has originated approximately the hundred million in residential mortgages.
Radius specializes in non-conforming and liquidity-challenged residential mortgages.
7 billion of single-family residential mortgages in 1993 and serviced a loan portfolio of $16.
Under the correspondent program, Crestar Mortgage Corporation buys residential mortgages from banks, thrifts, credits unions and independent mortgage banking companies.
Headquartered in Charlotte, NC, WMC originates and services a full range of prime residential mortgages using a multi-channel strategy.
The company originates, sells and services residential mortgages.
Currently, the bank's asset profile is predominantly real estate based and consists mostly of residential mortgages, home equity and MBS and to a lesser extent commercial exposures.
The ratings are based on AMC's demonstrated effectiveness in managing and resolving subprime, nonperforming and subperforming residential mortgages, while its servicing portfolio continues to experience rapid growth.

Full browser ?