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Mortgage Pool in Bankruptcy - What Can Investors Do?

Mortgage Pool in Bankruptcy - What Can Investors Do?

This is a discussion on Mortgage Pool in Bankruptcy - What Can Investors Do? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; For those of monitoring the Cedar Funding implosion, it was not surprising to see that Cedar Funding, Inc. filed for ...

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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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06-04-2008, 04:38 AM

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Mortgage Pool in Bankruptcy - What Can Investors Do?

For those of monitoring the Cedar Funding implosion, it was not surprising to see that Cedar Funding, Inc. filed for Chapter 11 bankruptcy last week. Cedar Funding is now a Debtor-in-Possession (DIP), and no doubt David Nilsen will seek ...

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bankruptcy, investors, mortgage, pool

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