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Why Bulk Mortgage Modifications are a Bad Idea

Why Bulk Mortgage Modifications are a Bad Idea

This is a discussion on Why Bulk Mortgage Modifications are a Bad Idea within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Middle class people are pretty desperately in need of some form of bulk modification of mortgages , a step the ...

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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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09-24-2008, 03:54 AM

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Why Bulk Mortgage Modifications are a Bad Idea

Middle class people are pretty desperately in need of some form of bulk modification of mortgages, a step the financial institutions and their hirelings in the GOP have been blocking for months. In theory, this question is separable ...

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