1. #1

    What is mortgage in banking?

    what is mortgage in banking?

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  3. #2
    Join Date
    Jun 2010

    Re: What is mortgage in banking?

    Mortgage banking is common to the finance field. The mortgage banking deals with originating mortgage loans and servicing them. Mortgage banks are state-licensed and the consumers can directly get mortgage loans from these banks. Generally, these banks gain funds from Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, etc. Some of the most prominent banks that deal with mortgage banking in India are The Hong Kong and Shanghai Banking Corporation, Standard Chartered Bank, and ABN Amro Bank. A few mortgage banks in India are Housing Development Finance Corporation (HDFC), State Bank of India (SBI), The Industrial Credit and Investment Corporation of India (ICICI) Bank, Life Insurance Corporation (LIC) Housing Finance Limited, etc. The most important feature of mortgage banking in India is the opening and attraction of investments from the private sector for social up gradation.

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