Mortgage Explained.

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The United States Housing Bubble: An Overview

The United States housing bubble was an economic bubble that affected many parts the United States including Colorado, Nevada, Arizona, Florida, Oregon, Michigan and the southwest markets. The prices of homes started to rise and peaked in the year 2005, started to drop in 2006 and are still declining. The increase in foreclosure rates in the

Mortgage Broker: Tasks And Responsibilities

A mortgage broker is a person or an entity that acts as an intermediary between the mortgagee and the mortgagor. Historically lenders and banks used to directly offer their mortgage products to consumers or borrowers. However as markets have grown competitive, so has the role of the mortgage broker. This is because a broker can

The Sub-prime Mortgage Crisis: A Vicious Cycle

The subprime mortgage crisis is an ongoing real estate crisis and fiscal crisis triggered by a spectacular increase in mortgage delinquencies and foreclosures in the United States, with major unfavorable repercussions for banks and monetary markets around the world. The crisis, which has its line in the closing years of the 20th century, became obvious

Strategic Default Dilemma

In these troubled economic times it is not unusual for the price of property and real estate to go down. In many cases the amount that is owed by the mortgagor or the borrower on the promissory note is much higher than the real cost of the property. Furthermore if the cost is going to

Equitable Mortgage Basics

An equitable mortgage is one which does not meet the criteria of a legal mortgage but are considered mortgages under equity. There are numerous situations that can lead to an equitable mortgage. As of 1961 the English court of law required the consent of the court before such mortgage could be put into effect. When the

Mortgage Repossession Vs Foreclosure

Mortgage repossession, in the UK, is the repossession of a dwelling or home by a mortgagee due to default on the part of the mortgagor. The procedure of Mortgage repossession usually entails an order of possession in the courts and then an eviction notice. Once ...