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Explanation of the mortgage crisis

Explanation of the mortgage crisis

This is a discussion on Explanation of the mortgage crisis within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; To fully understand what caused the tremendous rise in the real estate market and then the subsequent fall, check out ...

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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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07-28-2008, 07:53 PM

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Explanation of the mortgage crisis

To fully understand what caused the tremendous rise in the real estate market and then the subsequent fall, check out this thorough and interesting explanation about what caused it all. It's an hour long, but it's amazing. ...

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