residential mortgage

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 ?
M2 EQUITYBITES-March 13, 2018-Ellington Residential Mortgage REIT announces Q1 2018 dividend
Top mortgage lenders were: Residential Mortgage Services; Regency Mortgage Corp.
The residential mortgage market is valued as the sum of all balances outstanding on all residential mortgages at the end of each calendar year.
The transaction supports Morgan Stanley's strategy of building a global, vertically integrated residential mortgage business.
has signed a definitive agreement to acquire the retail mortgage lending branches of Des Moines, Iowa-based Principal Residential Mortgage Inc.
Their continued demonstration to other lenders of the basic credit quality of the lower downpayment, long-term, conventional, amortized, residential mortgage instrument revolutionized housing finance.
M2 EQUITYBITES-December 14, 2017-Ellington Residential Mortgage REIT declares Q4 dividend
As less developed regions in Asia-Pacific increasingly modernize and prosper, a larger consumer market for mortgages has been established which means that despite the global recession the residential mortgage market has maintained good growth.
While residential mortgage lenders are the most directly affected by predatory lending laws, other lenders who are engaged primarily in commercial lending, but from time to time take a home as additional collateral, may be vulnerable to being attacked as a predatory lender.
As an exception to the general rule, under the separate Call Report instruction for "participation in pools of residential mortgages," banks engaging in the disposal of residential mortgage loan pools under the programs of GNMA, FNMA, and FHLMC are able to treat such transactions as sales of the underlying mortgages without regard to the amount of risk retained by the seller.

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