Banks began to finance residential mortgages through securitization in the late 1970s.

Most banks here are offering 30-year fixed-rate residential mortgages at around 10 3/4 percent.

Together they guarantee or own about a third of all residential mortgages.

The package also includes new taxes on residential mortgages and commercial leases.

There are two types of risks facing a lender in a residential mortgage.

Through us, you will get a decision on a residential or commercial mortgage within 48 hours.

Mr. Jackson said that currently interest rates on commercial loans are generally two or three points above those for residential mortgages.

He said that through affiliate companies, his bank can also offer residential mortgages and soon will have brokerage services.

In a normal residential mortgage, a lender would have a difficult time selling a property if the bankruptcy court case is still pending.

IN standard underwriting of residential mortgages, rental income is considered too.