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More on the Mortgage Meltdown MessThis is a discussion on More on the Mortgage Meltdown Mess within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I've been doing a lot of reading online lately, trying to understand the root causes of the present mortgage market ... |
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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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09-29-2008, 05:16 PM
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More on the Mortgage Meltdown Mess
I've been doing a lot of reading online lately, trying to understand the root causes of the present mortgage market mess. I am reading more and more as to where the blame should be placed. Here are two articles for your consideration. ...
More... (Source: Google Blog Search) 
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| Tags |
| meltdown, mess, mortgage |
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