Talk:Mortgage loan

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First layer mortgage lenders[edit]

Would someone please add a list of the top 5 or 10 first layer mortgage lenders in the US? I know that WAMU was the third on the list prior to Fall 2008. I realize that the list content may change over time, but the info is important to those, like myself, who are researching the mortgage industry. Thank you. Tell someone (talk) 12:27, 16 November 2008 (UTC) This is a variable number and would require new data updates every 3 months plus revisions. As of 3Q 2012, the most recent time period for reported numbers: Top 5 servicers as of Q3 2012 from largest are Wells Fargo, Bank of America, Chase, Citi, US Bank. 'Mortgage Daily, 2012.' Top 5 originators as of Q3 2012 from largest are Wells Fargo, Chase, US Bank, Bank of America, Quicken. 'Mortgage Daily, 2012.' — Preceding unsigned comment added by 50.134.168.16 (talk) 06:32, 2 April 2013 (UTC)

"Mortgage Note"[edit]

Do "Mortgage Notes" exist outside the USA? I've held a couple of Mortgages, and I've never heard of a "Mortgage Note." If it is USA-specific, it shouldn't be mentioned in the opening paragraph as part of the definition of a Mortgage. 86.181.120.13 (talk) 18:55, 22 February 2012 (UTC) I have seen the phrase "mortgage note" used to describe mortgages in Canada here http://www.checkrates.com/Articles/Mortgages/entries/Terminating-a-Canadian-Mortgage-Note and I believe the word "note" is used interchangeably for the word "loan" throughout North America. It is also defined in the British dictionary of business at dictionary.cambridge.org. So I think calling it a mortgage note is appropriate. — Preceding unsigned comment added by 50.134.168.16 (talk) 05:47, 2 April 2013 (UTC)

No, in the UK and other common law jurisadictions the documentation is a Mortgage Deed and Mortgage Offer. The Mortgage note article confirms it is US specific. I've re-written it to make it more generic. DeCausa (talk) 04:12, 10 May 2014 (UTC)

and the encumbrance of that realty through the granting of a mortgage which secures the loan.[edit]

Er, is this Wikipedia, or Wikipedia For Lawyers who can't speak in plain English? — Preceding unsigned comment added by 81.152.132.247 (talk) 14:08, 8 April 2014 (UTC)

Agreed, I've re-written it. DeCausa (talk) 04:13, 10 May 2014 (UTC)