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Bush won’t veto mortgage bailout

Bush won’t veto mortgage bailout

This is a discussion on Bush won’t veto mortgage bailout within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Bush has backed away promises to veto a bailout bill that will, in essence, put the US government in a ...

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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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07-23-2008, 11:38 PM

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Bush won’t veto mortgage bailout

Bush has backed away promises to veto a bailout bill that will, in essence, put the US government in a position of guaranteeing mortgages to people who many analysts say never should have qualified for those mortgages in the first place ...

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bailout, bush, mortgage, veto, won’t

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