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Mortgage Pimp Alert (2)

This is a discussion on Mortgage Pimp Alert (2) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Much more promising than the pension funds, their first target, the mortgage pimperati, banks and building societies, have alighted upon ...


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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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Old 04-21-2008, 07:15 PM
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Default Mortgage Pimp Alert (2)

Much more promising than the pension funds, their first target, the mortgage pimperati, banks and building societies, have alighted upon the Bank of England for a new source of ‘funds’- a £50bn bail-out bonanza. ...

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