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FBI Responds to LA Times Article on Mortgage Fraud

FBI Responds to LA Times Article on Mortgage Fraud

This is a discussion on FBI Responds to LA Times Article on Mortgage Fraud within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In a recent Los Angeles Times article about the FBI’s role in the run-up to the current housing crisis, staff ...

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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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09-03-2008, 03:10 PM

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FBI Responds to LA Times Article on Mortgage Fraud

In a recent Los Angeles Times article about the FBI’s role in the run-up to the current housing crisis, staff writer Richard Schmitt wrote: Today, the damage from the global mortgage meltdown has more than matched that of the ...

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