The process of securing mortgage in United States is called origination. The Federal Government in the United States has set up several programs, or government sponsored entities, to promote mortgage lending, construction and encourage home ownership. Mortgage in the United States is an important category of the business of finance. The programs set up by the federal government of US to encourage mortgage lending are Ginnie Mae, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
In most parts of the United States, a mortgage creates a lien on the title to the property that is mortgaged. In the other type of mortgage in United States which is called deed of trust the foreclosure of the lien does not require judicial proceeding. In the state of California most mortgages are deeds of trust. The various mortgage companies in the US include Ctx Mortgage Company LLC, America's Mortgage Broker LLC, Wells Fargo Bank Na, American Home Mortgage Corp, Allied Home Mortgage Capital Corporation and Premier Mortgage Funding Inc among others. To get a mortgage overview, it is useful to learn about mortgages in various other countries.
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