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Chicago Billionaire Industrialist on Board of Obama’s Mortgage ...This is a discussion on Chicago Billionaire Industrialist on Board of Obama’s Mortgage ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; ... working stiffs who are losing their jobs and their homes. Now for a quick round-up of bloggers’ reports on ... |
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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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07-02-2008, 06:36 PM
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Chicago Billionaire Industrialist on Board of Obama’s Mortgage ...
... working stiffs who are losing their jobs and their homes. Now for a quick round-up of bloggers’ reports on the Obamas’ “sweetheart” home mortgage from Northern Trust, on whose board a billionaire member of the Crown family sits: (more…)
More... (Source: Google Blog Search) 
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| billionaire, board, chicago, industrialist, mortgage, obama’s |
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