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Mortgage rescue bill closer to passageThis is a discussion on Mortgage rescue bill closer to passage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Senate voted 76-10 to move the bill along. It is intended to keep more home owners from falling into ... |
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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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07-08-2008, 02:22 PM
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Mortgage rescue bill closer to passage
The Senate voted 76-10 to move the bill along. It is intended to keep more home owners from falling into foreclosure.
More... (Source: Google Blog Search) 
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| bill, closer, mortgage, passage, rescue |
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