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The Mortgages market is a financial sector that provides loans to individuals and businesses for the purpose of purchasing real estate. Mortgages are typically secured by the property being purchased, and the borrower is required to make regular payments to the lender over a period of time. The terms of the loan, such as the interest rate and repayment period, are determined by the lender.
Mortgage lenders typically include banks, credit unions, and other financial institutions. These lenders offer a variety of mortgage products, such as fixed-rate mortgages, adjustable-rate mortgages, and jumbo mortgages. In addition, some lenders offer specialized mortgage products, such as reverse mortgages and home equity lines of credit.
Some of the major companies in the Mortgages market include Bank of America, Wells Fargo, JPMorgan Chase, Citibank, and US Bank. Show Less Read more