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Feds to Release New Mortgage Lending Bill…Is It Good or Bad?This is a discussion on Feds to Release New Mortgage Lending Bill…Is It Good or Bad? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The mortgage lending industry may be finally getting the overhaul it so desperately needs; however, there are still some sticking ... |
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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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07-11-2008, 08:17 PM
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Feds to Release New Mortgage Lending Bill…Is It Good or Bad?
The mortgage lending industry may be finally getting the overhaul it so desperately needs; however, there are still some sticking points that need to be worked out. The Federal Reserve is planning on unveiling the new lending rules on ...
More... (Source: Google Blog Search) 
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| bad, bill…is, feds, good, lending, mortgage, release |
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