Mortgage markets
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Mortgage Payment Calculator 1 800 929 0625 PowerPoint PPT Presentation


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Mortgage Payment Calculator 1 800 929 0625

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Mortgage markets

Mortgage Markets

Mortgage Lowest Rate


Mortgage

Mortgage

  • Mortgage

    A pledge of property to secure payment of a debt.

  • Mortgagor: Borrower

  • Mortgagee: Lender


Contact number 1 800 929 0625

Contact Number 1 800 929 0625

  • Properties

    • Residential Properties

      • Single-Family Structures

      • Multifamily Structures

    • Nonsidential Properties

      • Commercial

      • Farm


Ii primary mortgage market

II. Primary Mortgage Market

  • Mortgage Origination

    • Mortgage Originators

      • Savings and Loans

      • Savings Banks

      • Commercial Banks

      • Credit Unions

      • Mortgage Banks

      • Life Insurance Companies

      • Pension Funds


Mortgage payment calculator

Mortgage Payment Calculator

  • Origination Process

    • Application

    • Criteria

      • Payment-to-Income Ratio (PTI)

        The ratio of monthly payment to monthly income.

      • Loan-to-Value Ratio (LTV)

        The ratio of the amount of the loan to the market (or appraised) value of the property.

    • Credit Scoring

    • Commitment Letter to the Applicant


Iii secondary mortgage market

III. Secondary Mortgage Market

  • Conduits

    • Federally Sponsored Agencies

      Federal Home Loan Mortgage Corporation

      Federal National Mortgage Association

    • Private Institutions

      Residential Funding Corporation

      GE Capital Mortgage Services

      Countrywide

      Prudential Home Mortgage


Iv mortgage backed securities

IV. Mortgage-Backed Securities

  • Mortgage-Backed Bonds

    • FNMA

    • Freddie Mac

  • Pass-Throughs: Government guaranteed mortgages

    • GNMA

    • Privately Issued Pass-Throughs (PIPs)


Mortgage payment calculator 1 800 929 0625

  • Participation Certificates (PCs): Conventional mortgages pooled by Freddie Mac

  • Collateralized Mortgage Obligations (CMOs)


Thank you

Thank You


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