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.

Thursday, April 23, 2009

Property resale is falling faster than expected in the U.S.

Sales of existing housing in the United States went back in a declining slope in March, by 3% compared to February, dropping to 4.57 million units at an annual rate.

These are the figures released Thursday by the National Association of Realtors (NAR). This decline is greater than analysts' expectations, which projected sales of 4.65 million dwellings, seasonally adjusted.

The NAR has revised slightly lower sales figures for the month of February, the increase had surprised analysts. The NAR believes it to be at 4.71 million at an annual rate, instead of the 4.72 million it announced a month ago.

According to the association, the share in sales of the cheaper housing has increased, indicating a return on the market of first time home buying. This is good news for the housing market.

However, sales of higher priced housing are still at a standstill because of rising interest rates for large loans. Oh well...

Monday, April 20, 2009

Sales of socks, the barometer of Alan Greenspan

When he was chairman of the Federal Reserve, Alan Greenspan was known to use proletarian measures to judge the state of the economy. One of the best known was the sale of underwear for men.

The logic of Mr. Greenspan, where sales of socks for men are declining, the economy is declining. Because this type of garment is that of which the purchase is more likely to be done only when necessary, as it is seen almost anyone.

But then according to data from research firm Mintel, retail sales of underwear for men should fall by 2.3% in 2009. This is a radical change on the November 2008 forecast, while Mintel expects growth of 2.6% in 2009.

"Sales of underwear for men are probably those which vary the least among all the clothes," said Matt Hall, a spokesman for the manufacturer Hanesbrands, the site The Huffington Post.

"But recessions have an impact on all categories (clothing) and underwear for men are no different (other categories) ..." If there is a downturn in the market because of the economy . But over a longer period, the effect dissipates. "

Because hoped, men do not often socks less today than in the past ...