The Mortgage market - Assignment Point
The Mortgage market
Subject: Management | Topics:

A mortgage is a pledge of property to secure payment of debt. Typically, property refers to real estate, which is often in the form of a house, the debt is the loan given to the buyer of the house by a lender. Thus a mortgage might be a pledge of a house to secure payment of loan.If a homeowner (The mortgagor) fails to pay the lender (the mortgagee) the lender has the right to foreclose the loan and size the property in order to ensure that it is repaid.

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The Mortgage market

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