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British mortgage lender to be nationalized, Belgian-Dutch bank on ...This is a discussion on British mortgage lender to be nationalized, Belgian-Dutch bank on ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This list of troubled banks and lenders expands. Britain's Northern Rock was nationalized last year after a run on 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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09-28-2008, 12:04 PM
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British mortgage lender to be nationalized, Belgian-Dutch bank on ...
This list of troubled banks and lenders expands. Britain's Northern Rock was nationalized last year after a run on the bank and just over a year later, it's the UK's Bradford & Bingley who are about to be taken over by the government. ...
More... (Source: Google Blog Search) 
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| Tags |
| bank, belgiandutch, british, lender, mortgage, nationalized |
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