mortgage market
Hope or frustration in the new mortgage market?
What happened to the mortgage market over the past 20-30 years? What are the mortgage statistics today compared to then? What are we going to do to help the mortgage market? Subprime mortgages.
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Mortgages is a long term loan secured on borrower’s assets such as home, which means that if the borrower fails to keep up the loan repayment, the lender has the authority to sell property in order to get back the back. Home mortgages have loomed frequently larger in the financial condition of American households over the years. Over the past 20 years or so, mortgage dept was equal to 25% of the total household income………………………………..
APA
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