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With my friends - Housing mortgage loans face rising risks

This is a discussion on With my friends - Housing mortgage loans face rising risks within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Meanwhile, some mortgage recipients had cheated on their applications and invested their funds in the stock markets, which had more ...


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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 10-02-2008, 04:14 PM
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Default With my friends - Housing mortgage loans face rising risks

Meanwhile, some mortgage recipients had cheated on their applications and invested their funds in the stock markets, which had more than doubled in value since the beginning of the year. Analysts believed a drop in the ...

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