Questions tagged [mortgage]

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2 answers
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Why is a greater than 10 year fixed rate mortgage typical in the U.S.?

A quote from the Economist on 2023 September 7... If you are American or Danish, the answer may well be that you have a fixed interest rate for the duration of your mortgage. As a result, you may pay ...
H2ONaCl's user avatar
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16 votes
3 answers
8k views

Why did banks give out subprime mortgages leading up to the 2007 financial crisis to begin with?

I've been reading a couple of books on economics out of curiosity and it got me thinking about the 2007 financial crisis. Hindsight is always 20/20, but if you've ever worked with lower income people ...
Grant Curell's user avatar
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Paid-off reversal in MERS eRegistry

I'm a technical writer working on eOriginal for Wolters Kluwer. In a section of the user guide I'm working on details of search variables for eRegistry status events, one of which is "paid-of ...
Mark A. Durstewitz's user avatar
1 vote
1 answer
44 views

Are promissory notes or mortgages considered cash transactions?

I'm reading about the upcoming LIBOR transition and a number of things refer to the "one-, three-, six-, or 12-month LIBOR in cash transactions". Would that include an adjustable rate ...
user348514's user avatar
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How do Canadian banks manage their mortgage portfolio?

Firstly, I've read on CMHC website that only 30% of mortgages in Canada are securitized.50% of mortgages are on banks balanced sheet. And there is no reserve requirement in Canada (although there is ...
Laurent Tremblay Mompart's user avatar
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1 answer
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What are the owners of CDO squared paid with

in this scene from the Big Short (movie about the housing crisis) A CDO Manager explained systhetic CDOs to Mark Baum: https://www.youtube.com/watch?v=A25EUhZGBws From what I understand, regular CDO's ...
user2741831's user avatar
15 votes
8 answers
8k views

Why are banks providing mortgages?

Currently I'm learning about finance and I want to understand the following. In the Netherlands the interest on a mortgage is about 3%-4% depending on the payback period. When learning about stocks ...
Tim's user avatar
  • 295
0 votes
3 answers
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Are fixed rate mortgages better in periods of low interest?

Conventional wisdom is to lock in a low rate (by getting a fixed-rate mortgage instead of ARM) while we're in a period of historically low interest rates. Assuming that you are going to own a house ...
Zaz's user avatar
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