Learning Center - Mortgage FAQ's

History of the Mortgage Industry in the United States

Since the beginning of times, mankind has had a fundamental need to mark its own territory, its own space and place to call home. Owning a home has always been a basic human need, desire and a requirement for centuries. The mortgage industry in the United States was built on the desire of its citizens to achieve an important aspect of the American dream, "Owning a Home".

Mortgages in the United States were initially started by the Insurance companies rather than the banks. The idea was to take over the property by the Insurance Company in case of a default rather than making money in fees and service charges. The development of the farm mortgage banking in the

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Sections of a Uniform Residential Loan Application (Fannie form 1003/Freddie form 65)

Consumer's Common Mortgage FAQ's

Home Buyers Assistance Programs by State and Local Jurisdiction

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