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Treasury: Support for mortgage giants needed

Treasury: Support for mortgage giants needed

This is a discussion on Treasury: Support for mortgage giants needed within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; WASHINGTON — Treasury Secretary Henry Paulson said Congress needs to quickly approve a support package for Fannie Mae and Freddie ...

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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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07-22-2008, 02:03 PM

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Treasury: Support for mortgage giants needed

WASHINGTON — Treasury Secretary Henry Paulson said Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac to make sure the two mortgage giants maintain their critically important role in housing finance. ...

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giants, mortgage, needed, support, treasury

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