mortgage

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mortgage,

n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in periodicals archive ?
Although most applications for home loans are approved, the rates of approval and denial vary among applicants grouped by their income and racial or ethnic characteristics (table 6).
Dean Schultz, president of the Federal Home Loan Bank of San Francisco, discussed the involvement of local financial institutions in earthquake recovery efforts.
Joint home loans can be taken by an applicant along with a spouse.
Broad Cove Partners served as technical advisor to Ghana Home Loans in structuring the transaction and in raising capital from high-net worth U.
The move will benefit all existing customers of floating home loans, whose home loan rates will be reduced by 0.
First, amendments passed in 1988 extended coverage to certain nondepository lenders that extend home loans, specifically to savings and loan service corporations and the mortgage banking subsidiaries of bank and thrift holding companies.
One Easy Fee Home Loans and its guaranteed all-inclusive, fixed-fee closing package was the inspiration of Bill Mansy, founder and president of Cornerstone Mortgage, a successful, traditional full-service mortgage bank based in San Diego with a 16-year history of managing traditional home loans.
It will guarantee repayment of the loans, which are considered higher-risk than standard home loans.
The name will change, but the team from Aimbridge Home Loans will remain in place and continue to provide the same high level of service and support the credit unions expect.
At the outset of its partnership with Habitat for Humanity, BankAtlantic pledged $250,000 to fund no-interest home loans, and promised to raise the additional $750,000 through various community fund-raising activities, and from corporations, businesses, financial institutions and individuals in the South Florida area.
These changes will help build on the strong momentum of the retail bank, and will allow us to continue to build upon the great progress made in our Home Loans business under Craig's leadership," added Rotella.