Mortgage, loan and property. What is a mortgage?

A mortgage is putting a property as a guarantee to a lender as a security for a mortgage loan.

While a mortgage in itself is not a liability or a dept, it is evidence of a debt. It is a transfer of an interest in property, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the property when the terms of the mortgage have been satisfied or concluded.

In other words, the mortgage is a guarantee for the loan that the lender makes to the borrower. In all but a very few states, a mortgage creates a lien on the title to the mortgaged property.

Friday, December 12, 2008

Retail sales slow down for the fifth consecutive month in the U.S.

Retail sales in the United States in November fell 1.8% for the fifth consecutive month. Producer prices in the United States have also showed in November a steep decline of 2.2%, due to declining market for energy materials.

Retail sales in the United States in November fell 1.8% for the fifth consecutive month, according to seasonally adjusted data published by the Department of Commerce in Washington. Analysts relied on a downturn more important than 2%.

In October, the decline in retail sales was 2.9% (revised), the largest decline since the publication of statistics in 1992.

In addition, producer prices in November showed a steep decline of 2.2%, announced Friday the U.S. Department of Labor. Analysts predicted a decline of just 2%. This is the fourth consecutive month the indicator fell. It reached (ok, dropped) in October a record decline of 2.8%. But over the year, producer prices are still rising slightly, by 0.4%.

This new setback in November is attributable to the markets of energy raw materials, where prices fell by 11.2%. Producer prices of food (oils, meat, dairy products, vegetables) remained stable, although they had slightly fell the previous month. Producer prices of crude oil fell by 12.5%.

Inflationary pressures are significantly reduced, since excluding food and energy, producer prices rose by 0.1% over the month, against 0.4% in October. Over a year, the increase is 4.2%. The rise in producer prices, which had been 7.2% over the first seven months of the year, was stopped by the reversal in the oil market. The price of a barrel of crude, in the short span of five months, has lost about $ 100.

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