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Mortgage Lenders, Consumer Groups Upset About Predatory Lending BillThis is a discussion on Mortgage Lenders, Consumer Groups Upset About Predatory Lending Bill within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; It's not very often that mortgage lenders and consumer groups find themselves on the same side. But it's happening now, ... |
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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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11-16-2007, 02:45 PM
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Mortgage Lenders, Consumer Groups Upset About Predatory Lending Bill
It's not very often that mortgage lenders and consumer groups find themselves on the same side. But it's happening now, since yesterday's passage of a predatory lending bill. Of course, they are upset for different reasons. ...
More... (Source: Google Blog Search) 
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| bill, consumer, groups, lenders, lending, mortgage, predatory, upset |
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