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Mortgage News - Afternoon Edition - Friday, June 13th, 2008

This is a discussion on Mortgage News - Afternoon Edition - Friday, June 13th, 2008 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Fed's Plosser Calls Inflation Threat "Serious" and "An Insidious Tax on Consumers". Greenspan Says Recovery Still Months Away. Go Green ...


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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 06-13-2008, 07:48 PM
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Default Mortgage News - Afternoon Edition - Friday, June 13th, 2008

Fed's Plosser Calls Inflation Threat "Serious" and "An Insidious Tax on Consumers". Greenspan Says Recovery Still Months Away. Go Green With Your Real Estate Marketing. Economists Speculate on Fed's Monetary Policy Following CPI Report ...

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