How does mandatory insurance work for mortgage loans

Compulsory insurance for mortgage loans seeks to protect the insured if, due to some unforeseen event contemplated in the policy, they cannot continue making the payment of their installments. Some of these insurances are required by law. Others, despite not being contemplated by law, maybe part of the policy ofRead More →

Reverse Mortgage Fine Print: You Make Money

Supplementing your pension during retirement requires some financial planning. Since many people retire from working life without committing much savings to their retirement, pensioners have to use other methods. One of them is the reverse mortgage, one of the formulas that have become popular again in recent years to supplement the pension. The reverse mortgage is aRead More →

Exclusive: U.S. auto loans soar, authorities ask banks

Exclusive: U.S. auto loans soar, authorities ask banks for details of exposure U.S. regulators have asked banks to provide more details on auto loan exposure, sources said, as rapid growth in auto loans draws attention from authorities to better assess risks. The picture shows a slow-moving vehicle on a highwayRead More →

Mortgage Security

The Countermeasures of my country’s Housing Mortgage Loan Securitization (1) Select a suitable commercial bank as the sponsor In the United States, there are four types of financial institutions in the primary residential mortgage market, namely savings and loan associations, commercial banks, mutual savings banks, and life insurance companies. InRead More →

Mortgage Statement

Bank mortgage 1. Personal housing commercial loan Personal housing commercial loans are self-operated loans issued by bank credit funds and refer to natural persons with full capacity for civil conduct who, when purchasing self-occupied housing in urban areas in this city, use the purchased property housing as collateral as aRead More →