Banks will usually not issue mortgages unless an insurance policy protects the property.

The Department of Banking received complaints, for instance, about mortgage companies that issued mortgages with terms different from those originally offered.

IndyMac Bank also issued secondary mortgages secured by such housing, and other forms of consumer credit.

From several offices across the country, it issues mortgages to individual home buyers.

At least 10 times from 1977 to 1981, he issued mortgages from his personal finances to people who wanted to buy property from him.

Under previous banking regulations, banks simply issued mortgages and kept them, accepting payments over 15 or 30 years until the loan was paid off.

But we cannot issue mortgages unless you have some down payment to protect us.

G.E. is a wholesaler in that market, issuing mortgages and selling the debt to other companies.

Mr. Bell said lenders were issuing reverse mortgages at a monthly rate of about 8,000, compared with roughly 6,000 a year ago.

The legislator said the state had authorized banks to issue reverse mortgages but that "they are reluctant to do so."