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Treasury chief says US banking system sound, reassures people o...

Treasury chief says US banking system sound, reassures people o...

This is a discussion on Treasury chief says US banking system sound, reassures people o... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 1 Comment, last updated on Monday Jul 21 by u no who More... (Source: Topxi.com) ...

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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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07-21-2008, 06:43 PM

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Treasury chief says US banking system sound, reassures people o...

1 Comment, last updated on Monday Jul 21 by u no who

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(Source: Topxi.com)

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