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HR 3915: Mortgage Reform That Aims to Screw the ConsumerThis is a discussion on HR 3915: Mortgage Reform That Aims to Screw the Consumer within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Such is the case HR 3915, Mortgage Reform and Anti-Predatory Lending Act of 2007 (though being amended somewhat). While I ... |
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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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Such is the case HR 3915, Mortgage Reform and Anti-Predatory Lending Act of 2007 (though being amended somewhat). While I am for more licensing requirements across the board, including those currently exempt (such as the banks and their ...
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| 3915, aims, consumer, mortgage, reform, screw |
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