   
|
|
Residential Mortgage
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
A residential mortgage is a mortgage loan for residential property, generally for a no more than 4 family property. Many types of residential mortgages are available and the diversity of options has increased in recent years. Residential mortgage options included both the fixed rate and adjustable rate mortgage. A residential mortgage can be a fully amortizing conventional mortgage, as well as a negative amortization, interest only, or balloon payment loan. A residential mortgage can be either a private loan, or backed by the government in the case of FHA and VA loans. Today, it is very common to refinance the residential mortgage, perhaps substituting one type of loan for another. In some years, residential mortgage refinance volume far exceeds new purchase volume. The US residential mortgage market is enormous, with trillions of dollars of mortgage debt outstanding. Much of this residential mortgage debt has been securitized and sold to investors in the form of mortgage-backed securities.
Rate this residential mortgage definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: inflation, FICO score, EBITDA, labor relations, option premium, 1035 exchange, 144a, deferred revenue, limit order, balance sheet, ex-dividend date, dividends payable, command economy, current ratio, phantom income, required rate of return, average price per share, real GDP, FTSE, stock split, deferred tax, diluted share, margin rate, class C shares, debt service coverage, minority interest, open position, annual return, ex-dividend, 401a, risk management, reverse mortgage, covered put, in escrow, LIBOR, implied volatility, wholly-owned subsidiary, irrevocable trust, quality assurance, stock market close, liquidity ratio, cancelled check, 1031 exchange, APR, Key Rate Duration, Zero Cost Collar, per diem, retained earnings, VIX
|
|
| |