mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
April 07, 2020  |  Coronavirus

The number of homeowners who asked lenders for more time to pay their mortgages increased to record levels in March, as borrowers feel the impacts...

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Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
April 02, 2020  |  Loans

Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing...

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Home Loan Defaults Could Decimate Mortgage Servicers
Home Loan Defaults Could Decimate Mortgage Servicers
March 23, 2020  |  Coronavirus

The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by the coronavirus could...

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Virus, Swooning Markets Put Homebuilders On Shaky Foundation
Virus, Swooning Markets Put Homebuilders On Shaky Foundation
March 13, 2020  |  Coronavirus

What will make homebuilders rally? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Metro Bank Moves Away From Mortgages After Reporting Error
Metro Bank Moves Away From Mortgages After Reporting Error
February 26, 2020  |  Banking

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back...

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Household Debt Exceeds $14T After 2019 Spike
Household Debt Exceeds $14T After 2019 Spike
February 11, 2020  |  Debt

Household debt in the U.S. has reached a 12-year high, rising more than $600 billion last year –the highest since right before the financial crisis...

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The Millennial Real Estate Boom Beckons?
The Millennial Real Estate Boom Beckons?
December 05, 2019  |  Real Estate

The saying goes that the future belongs to the young. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
October 21, 2019  |  Faster Payments

When financing a first home, a complicated mortgage process can confuse buyers, and draw out loan underwriting timelines — costing time and money. Yet, lenders...

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Ahead Of Suntrust Merger, BB&T Sees Strong Loan Growth, Credit Quality
Ahead Of Suntrust Merger, BB&T Sees Strong Loan Growth, Credit Quality
October 17, 2019  |  Earnings

BB&T Corp., ahead of its planned buy of SunTrust banks, posted results that beat expectations and showed a slight decrease in non-performing assets. Get the...

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