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Gordon Brown to meet banks in summit over mortgage crisis: Telegraph

Gordon Brown to meet banks in summit over mortgage crisis: Telegraph

This is a discussion on Gordon Brown to meet banks in summit over mortgage crisis: Telegraph within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Gordon Brown to meet banks in summit over mortgage crisis: Telegraph This is the first UK bank preparing to resort ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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04-13-2008, 12:43 PM

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Gordon Brown to meet banks in summit over mortgage crisis: Telegraph

Gordon Brown to meet banks in summit over mortgage crisis: Telegraph This is the first UK bank preparing to resort to a rights issue, following Swiss and American banks. And as we like a little schadenfreude: ' "The persistence of the ...

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