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Mortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far!

Mortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far!

This is a discussion on Mortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; But the new waive of housing defaults will come from the Alt-A (includes Pay Options), Jumbo Prime and the Second ...

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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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09-23-2008, 07:15 PM

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Mortgage Defaults Already at $50bb Per Month…$700bb Won’t Go Too Far!

But the new waive of housing defaults will come from the Alt-A (includes Pay Options), Jumbo Prime and the Second Mortgage universes. This is due to values being down so much in the bubble states and the negative equity effect. ...

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$50bb, defaults, month…$700bb, mortgage, won’t

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