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Community Organizers & The Mortgage Bail-Out

This is a discussion on Community Organizers & The Mortgage Bail-Out within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; ... organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes - and thereby force financial ...


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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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Old 09-29-2008, 03:57 PM
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... organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes - and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers. ...

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Old 10-05-2008, 11:01 PM
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