Mortgage Industry divided into four major part :
1.Home Mortgage
2.Multifamily Mortgage
3.farm mortgage
4.commercial mortgage (taken on real state)
Home mortgage is the largest share of the total mortgage debt of the market and after that commercial mortgage is the second largest.Home mortgage debt is 90% of the total mortgage share of
Companies directly involve in the mortgage market are :
1.Mortgage bank : These are the actual issuer of the mortgage loan to the customer sometime they issue the loan in secondary market also.
2.Mortgage Broker : They are work as middleman arrange mortgage for the client by bank and charge some commission or brokerage for there work.
There is also mortgage service some banks has there own mortgage service department maintain the record of the customer account.
Mortgage loan issue is not a issue task as thing by genral people .You need to apply for the loan with a bank with all the documents require as a proof that you are eligible and after that bank investigate and when they comfirm about your credit worthiness than the bank issue mortgage loan.
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