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Mortgage Chief Resigns, Hopes Audit Redeems HimThis is a discussion on Mortgage Chief Resigns, Hopes Audit Redeems Him within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; State statute clearly authorizes the office to deny mortgage brokering licenses based on financial crimes, but the Miami Herald expose ... |
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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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08-13-2008, 05:30 AM
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Mortgage Chief Resigns, Hopes Audit Redeems Him
State statute clearly authorizes the office to deny mortgage brokering licenses based on financial crimes, but the Miami Herald expose noted that some brokers who defrauded the public had committed other serious offenses, ...
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| audit, chief, hopes, mortgage, redeems, resigns |
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