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Mortgage giants face federal investigations

Mortgage giants face federal investigations

This is a discussion on Mortgage giants face federal investigations within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Adding to their woes, mortgage finance giants Fannie Mac and Freddie Mac are facing a federal grand... More... (Source: Google ...

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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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09-30-2008, 06:30 AM

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Mortgage giants face federal investigations

Adding to their woes, mortgage finance giants Fannie Mac and Freddie Mac are facing a federal grand...

More...

(Source: Google Blog Search)

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