Mortgage Loan Wikipedia

Mortgage loan - Wikipedia.

Mortgage loan basics Basic concepts and legal regulation. According to Anglo-American property law, a mortgage occurs when an owner (usually of a fee simple interest in realty) pledges his or her interest (right to the property) as security or collateral for a loan. Therefore, a mortgage is an encumbrance (limitation) on the right to the property just as an easement would be, but ....

https://en.wikipedia.org/wiki/Mortgage_loan.

Subprime mortgage crisis - Wikipedia.

The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007-2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a housing bubble, leading to mortgage delinquencies, foreclosures, and the devaluation of housing-related securities..

https://en.wikipedia.org/wiki/Subprime_mortgage_crisis.

Graduated payment mortgage loan - Wikipedia.

A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young people who cannot afford large payments now, but can realistically expect to raise their incomes in the future..

https://en.wikipedia.org/wiki/Graduated_payment_mortgage_loan.

Mortgage modification - Wikipedia.

Mortgage modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e. mortgagee and mortgagor in mortgage states; Trustee and Trustor in Trust Deed states). In general, any loan can be modified, and the process is referred to as loan modification or debt rescheduling.

https://en.wikipedia.org/wiki/Mortgage_modification.

Mortgage calculator - Wikipedia.

The fixed monthly payment for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term. The monthly payment formula is based on the annuity formula.The monthly payment c depends upon: . r - the monthly interest rate.Since the quoted yearly percentage rate is not a compounded rate, the ....

https://en.wikipedia.org/wiki/Mortgage_calculator.

Fixed-rate mortgage - Wikipedia.

A fixed-rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float". As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a consistent, single payment and the ability ....

https://en.wikipedia.org/wiki/Fixed-rate_mortgage.

Adjustable-rate mortgage - Wikipedia.

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender's standard variable rate/base rate.There may be a direct and legally defined link to the underlying ....

https://en.wikipedia.org/wiki/Adjustable-rate_mortgage.

Endowment mortgage - Wikipedia.

An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more (usually Low-Cost) endowment policies.The phrase "endowment mortgage" is used mainly in the United Kingdom by lenders and consumers to refer to this arrangement and is not a legal term.. The borrower has two separate agreements: one ....

https://en.wikipedia.org/wiki/Endowment_mortgage.

Loan origination - Wikipedia.

Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). ... For mortgages, there is a specific mortgage origination process. Loan servicing covers ....

https://en.wikipedia.org/wiki/Loan_origination.

Subprime lending - Wikipedia.

In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. Historically, subprime borrowers were defined as having FICO scores below 600, although this threshold has varied over time.. These loans are ....

https://en.wikipedia.org/wiki/Subprime_lending.

Conforming loan - Wikipedia.

In the United States, a conforming loan is a mortgage loan that both meets the underwriting guidelines of Fannie Mae and Freddie Mac (the Enterprises or GSE) and that does not exceed the conforming loan limit. The most well-known guideline is the size of the loan which, for 2022, was generally limited to $647,200 for one-unit single family homes in the continental US..

https://en.wikipedia.org/wiki/Conforming_loan.

Stated income loan - Wikipedia.

A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar's loans. Stated income loans were originated by ....

https://en.wikipedia.org/wiki/Stated_income_loan.

Floating interest rate - Wikipedia.

Floating rate loan. In business and finance, a floating rate loan (or a variable or adjustable rate loan) refers to a loan with a floating interest rate. The total rate paid by the customer varies, or "floats", in relation to some base rate, to which a spread or margin is added (or more rarely, subtracted). The term of the loan may be substantially longer than the basis from which the ....

https://en.wikipedia.org/wiki/Floating_interest_rate.

Ocwen - Wikipedia.

Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".Ocwen was founded in 1988 by William Erbey and is headquartered in West Palm Beach, Florida, with additional offices in ....

https://en.wikipedia.org/wiki/Ocwen.

loanDepot - Wikipedia.

In 2020, loanDepot made $100 billion of mortgage originations for the first time, with just under 300,000 loans originated, which was twice the amount of loans originated the previous year, according to industry data tracker iEmergent, which also found loanDepot to be the fourth-largest mortgage provider based on the dollar amount of the loans..

https://en.wikipedia.org/wiki/LoanDepot.

Vehicle insurance in the United States - Wikipedia.

Vehicle insurance, car insurance, or auto insurance in the United States and elsewhere, is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage.Most states require a motor vehicle owner to carry some minimum level of liability insurance..

https://en.wikipedia.org/wiki/Vehicle_insurance_in_the_United_States.

Bear Stearns - Wikipedia.

Bear Stearns was founded as an equity trading house on May 1, 1923, by Joseph Ainslie Bear, Robert B. Stearns and Harold C. Mayer with $500,000 in capital. Internal tensions quickly arose among the three founders. The firm survived the Wall Street Crash of 1929 without laying off any employees and by 1933 opened its first branch office in Chicago. In 1955 the firm opened its ....

https://en.wikipedia.org/wiki/Bear_Stearns.

PNC Financial Services - Wikipedia.

The PNC Financial Services Group, Inc. (stylized as PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania.Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs.PNC Bank is on the list of largest banks in the United States by assets and is one of the ....

https://en.wikipedia.org/wiki/PNC_Financial_Services.

Creditor - Wikipedia.

A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent ....

https://en.wikipedia.org/wiki/Creditor.