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Bail-out fears hit mortgage firms

Bail-out fears hit mortgage firms

This is a discussion on Bail-out fears hit mortgage firms within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Shares in Freddie Mac and Fannie Mae fall again on fears the US government will be forced to bail 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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08-19-2008, 01:06 AM

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Bail-out fears hit mortgage firms

Shares in Freddie Mac and Fannie Mae fall again on fears the US government will be forced to bail out the troubled mortgage giants.

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(Source: Google Blog Search)

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