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Mortgage meltdown due to pushing loans on low-income households ...

Mortgage meltdown due to pushing loans on low-income households ...

This is a discussion on Mortgage meltdown due to pushing loans on low-income households ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; IBD says the root cause of the mortgage meltdown/subprime crisis, from which the rest of this financial crisis flows, was ...

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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, 05:43 PM

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Mortgage meltdown due to pushing loans on low-income households ...

IBD says the root cause of the mortgage meltdown/subprime crisis, from which the rest of this financial crisis flows, was the Clinton era policy (continued, I have no doubt in the W years) of requiring banks to lend money to low income ...

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due, households, loans, lowincome, meltdown, mortgage, pushing

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