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The Bush administration seized control Sunday of troubled mortgage ...This is a discussion on The Bush administration seized control Sunday of troubled mortgage ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Treasury Secretary Henry Paulson is betting that providing fresh capital to the two firms will eventually lead to lower 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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09-08-2008, 12:00 AM
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The Bush administration seized control Sunday of troubled mortgage ...
Treasury Secretary Henry Paulson is betting that providing fresh capital to the two firms will eventually lead to lower mortgage rates, spur homebuying demand and slow the plunge in home prices that has ravaged many areas of the country ...
More... (Source: Google Blog Search) 
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| administration, bush, control, mortgage, seized, sunday, troubled |
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