This real estate video is an overview of the mortgage industry. It defines the term “mortgage” and explains the types of mortgages. It also introduces the players in the mortgage market such as Mortgage bankers, Mortgage holder, Mortgage originators, Mortgage servicer, Closing agent and others and reveals their roles in the mortgage industry. A mortgage is a loan made in exchange to the title of the borrower's property. If not paid on time, the lender has the right to foreclose on the property and sell it to cover the loan. Generally foreclosure means the process when the “Lender” takes possession of the property when the borrower fails to keep up their mortgage payments. A mortgage can be a fixed rate mortgage, adjustable rate mortgage and reverse mortgage. For more detailed information about each type of mortgage please, watch our video. The mortgage market includes “secondary mortgage market” that means the process where lenders sell their loans to other buyers. Securitization is also involved in the mortgage industry meaning that an illiquid asset, or group of assets, is transformed through financial engineering into a security. The Real Estate law is very complex and complicated, having a lawyer who is qualified in this area to help you understand it is very important.