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China and Japan hail US mortgage rescue as doubts linger

China and Japan hail US mortgage rescue as doubts linger

This is a discussion on China and Japan hail US mortgage rescue as doubts linger within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; TOKYO/BASEL (Reuters) - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its ...

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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, 10:53 AM

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China and Japan hail US mortgage rescue as doubts linger

TOKYO/BASEL (Reuters) - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors had no illusions the bailout would end the global credit ...

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china, doubts, hail, japan, linger, mortgage, rescue

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