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Mortgage Commentary 5/21/2008:

Mortgage Commentary 5/21/2008:

This is a discussion on Mortgage Commentary 5/21/2008: within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If this is true, we should see funds shift into bonds as a safe haven, leading to improvements in mortgage ...

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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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05-21-2008, 03:37 PM

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Mortgage Commentary 5/21/2008:

If this is true, we should see funds shift into bonds as a safe haven, leading to improvements in mortgage rates. Accordingly, I am holding the float recommendations for short and longer periods for the time being.

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