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The Genesis of The Mortgage Industry Collapse

The Genesis of The Mortgage Industry Collapse

This is a discussion on The Genesis of The Mortgage Industry Collapse within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; There is probably much fault to go around in relation to the mortgage meltdown and the government consolidation of Fannie ...

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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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09-16-2008, 02:41 AM

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The Genesis of The Mortgage Industry Collapse

There is probably much fault to go around in relation to the mortgage meltdown and the government consolidation of Fannie and Freddie. Obama wants to blame Bush and McCain wants to blame the Democrat Congress. However, the truth is that ...

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