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Fed’s Bernanke: mortgage regs should protect consumers, support ...This is a discussion on Fed’s Bernanke: mortgage regs should protect consumers, support ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The new mortgage lending rules the Federal Reserve is set to approve this morning should help protect consumers from abusive ... |
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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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The new mortgage lending rules the Federal Reserve is set to approve this morning should help protect consumers from abusive lending practices, while at the same time do nothing to prevent mortgage credit from reaching qualified ...
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| bernanke, consumers, fed’s, mortgage, protect, regs, support |
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