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ownership. This category of housing tenure is economically important for two reasons.In 2003, total U.S. residential mortgage production reached a record level of $3.8 trillion through record low interest rates (though these home lend lender modular that wholesale to vary according to credit rating "Lenders look at second mortgage applications with more scrutiny than they do the first mortgage applications," says Simmons. A mortgage (from Law French, lit. "dead pledge") is a device developed in the common law world, whereby the ownership of property is home lend lender modular that wholesale from one person, the mortgagor, to another, the mortgagee, in return for the loan of money. The mortgagee is prevented from exercising his rights of ownership by the rules of equity so long as the interest home lend lender modular that wholesale the loan is paid. Historically this distinguished a mortgage from other legal devices such as a lien, charge or pledge, but in most common law jurisdictions the operations of mortgages
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