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Mortgage firms shares hit

Mortgage firms shares hit

This is a discussion on Mortgage firms shares hit within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Shares in American mortgage finance companies Fannie Mae and Freddie Mac have suffered further steep falls amid renewed fears over ...

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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, 09:21 AM

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Mortgage firms shares hit

Shares in American mortgage finance companies Fannie Mae and Freddie Mac have suffered further steep falls amid renewed fears over the firms' future.

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(Source: Google Blog Search)

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firms, hit, mortgage, shares

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