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Community Bank Names Wright Mortgage Loan Originator (Rockbridge ...

This is a discussion on Community Bank Names Wright Mortgage Loan Originator (Rockbridge ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; August 28, 2008- Staunton, VA- Community Bank is pleased to welcome Stephen Wright, Mortgage Loan Originator, to its Secondary Mortgage ...


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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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Old 08-29-2008, 05:42 AM
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Default Community Bank Names Wright Mortgage Loan Originator (Rockbridge ...

August 28, 2008- Staunton, VA- Community Bank is pleased to welcome Stephen Wright, Mortgage Loan Originator, to its Secondary Mortgage Department. Wright will be responsible for originating fixed rate mortgage loans and promote lending ...

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