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Lehman Brothers Did Business With Mortgage Fraudsters Back In 2000

Lehman Brothers Did Business With Mortgage Fraudsters Back In 2000

This is a discussion on Lehman Brothers Did Business With Mortgage Fraudsters Back In 2000 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; @Nofsdad: The wording is all economic voodoo. There needs to be a non-academic word to describe what is happening to ...

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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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09-15-2008, 10:04 PM

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Lehman Brothers Did Business With Mortgage Fraudsters Back In 2000

@Nofsdad: The wording is all economic voodoo. There needs to be a non-academic word to describe what is happening to normal people. 'Screwed' is applicable, but not descriptive enough. It's seems the easiest thing to do is take part ...

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2000, back, brothers, business, fraudsters, lehman, mortgage

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