Home Mortgage

Home Mortgage

A loan used to buy real estate where one resides. A home mortgage is secured by the property it is used to purchase. One must make monthly payments on a home mortgage, and there is a set term before full payment is due, often 15, 20 or 30 years. Some mortgages have fixed interest rates, while others have variable interest rates. If one defaults on a home mortgage, the bank making it may take possession of the real estate and sell it to recover its investment. Some banks, notably savings and loans, specialize in making mortgage loans. In the United States, home mortgages have more favorable tax implications than mortgages on other properties. See also: Mortgage-backed security.
References in periodicals archive ?
Fresno, CA, May 23, 2019 --(PR.com)-- Nationwide, residential lender, Platinum Home Mortgage has helped Americans achieve their homeownership dreams since 1993.
21 May 2019 - Texas, US-based mortgage lender Open Mortgage has acquired South Dakota, US-based lender Premier Home Mortgage, specialising in financing homes in rural and small-town America, the company said.
KARACHI -- Pakistan Mortgage Refinance Company Limited (PMRC) will provide long-term funding worth Rs3.6 billion to House Building Finance Corporation (HBFC) for its home mortgage loans to end-consumers.
BANKING AND CREDIT NEWS-December 13, 2018-Black Night's mobile solution Servicing Digital implemented by Amerifirst Home Mortgage
Global Banking News-December 13, 2018-Black Night's mobile solution Servicing Digital implemented by Amerifirst Home Mortgage
Nearly 10 years into the economic recovery, home mortgage lending in the Fourth Federal Reserve District (Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia) remains affected by the Great Recession, according to a series of analyses of Home Mortgage Disclosure Act (HMDA) data by Federal Reserve Bank of Cleveland researchers Lisa Nelson and Matt Klesta.
The NHMFC took part in the Knowledge Sharing Program (KSP) of the Korea Ministry of Finance and the Korea Development Institute (KDI), which aimed to help the former improve its reverse home mortgage program.
In a press release announcing the recognition, MBA Chairman Bill Cosgrove, CMB, chief executive officer of Union Home Mortgage Corporation, said, "Each company, through their commitment to helping the military community, has demonstrated first-class service toward recognizing the men and women who defend our nation.
Wells Fargo has appointed Anndi Pena as branch manager of its Bellingham home mortgage team.
The five banks, namely, Bank of Taiwan, Land Bank of Taiwan, Taiwan Cooperative Bank, Hua Nan Bank and First Commercial Bank, usually account for 40% of Taiwan's home mortgage market, hence being indicators of the home mortgage market here.
The 7.1 in home mortgage loans made in 2011 represented a 10 percent decline from the previous year and was the lowest total since 199), according to data reported under the Home Mortgage Disclosure Act (HMDA) and summarized in a paper by Federal Reserve Board researchers.
Prior to joining TEG, Reidy served as a home mortgage consultant at Wells Fargo Home Mortgage in Fishkill, N.Y., for eight years.