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Mortgage-Lobby Chief Resigns

Mortgage-Lobby Chief Resigns

This is a discussion on Mortgage-Lobby Chief Resigns within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Jonathan Kempner, president and chief executive of the 2400-member Mortgage Bankers Association, will step down when his contract ends Dec. ...

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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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07-25-2008, 09:01 PM

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Mortgage-Lobby Chief Resigns

Jonathan Kempner, president and chief executive of the 2400-member Mortgage Bankers Association, will step down when his contract ends Dec. 31, he said. He will be succeeded by former board Chairman John Courson, who coordinates the ...

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