Mortgages

Ship Mortgage - Registration of Statutory Mortgages
... The registration of a ship mortgage is essential to have legal effects, though failure to register does not render the mortgage void under Merchant Shipping Acts, any unregistered mortgagee cannot ... at the time of delivery, is free from all charters, encumbrances, mortgages and maritime liens or any other debts whatsoever." For buyers, registration of ships with mortgages is particularly ...

Super Jumbo Mortgage - Amortization Types
... While historically super jumbo mortgages were primarily short term adjustable rate principal interest mortgages, interest only options and payment cap or negative amortization loans (currently called ... While 30 year fixed rate mortgages are available in the super jumbo category, they do not represent the majority of super jumbo mortgages. 3/1 ARM, 5/1 ARM, 7/1 ARM and 10/1 ARM Adjustable Rate Mortgages are more popular amongst super jumbo mortgage applicants than with the general public, however the greatest increase in originations as a ...

Late-2000s Financial Crisis - Background - Growth of The Housing Bubble
... interest rates, or financing consumer spending by taking out second mortgages secured by the price appreciation ... this demand with products such as the mortgage-backed security and the collateralized debt obligation that were assigned safe ratings by the credit rating agencies ... In effect, Wall Street connected this pool of money to the mortgage market in the U.S ...

Late-2000s Recession - Causes - Overview
... continue feeding the global demand for mortgage securities, generating huge profits while passing the risk to investors ... on being able to refinance their mortgages ... households often had adjustable rate mortgages, which had lower initial interest rates and payments that later rose ...

Alternative Mortgage Transaction Parity Act Of 1982
... The Alternative Mortgage Transaction Parity Act of 1982, also known as AMTPA, preempts state laws that restrict banks from making any mortgage except ... Mortgages allowed by the act included Adjustable-rate mortgages, in which the interest rate becomes floating after a number of years ... Balloon payment mortgages have a large payment remaining when the loan comes due ...