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Mortgage consumer protection

Mortgage consumer protection

This is a discussion on Mortgage consumer protection within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; It briefly details my opponent’s record on economic and housing matters: The current financial crisis was ignited by problems in ...

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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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10-03-2008, 11:49 AM

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Mortgage consumer protection

It briefly details my opponent’s record on economic and housing matters: The current financial crisis was ignited by problems in the mortgage industry over the last few years. On 11-20-07, the Massachusetts legislature passed a [...]

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consumer, mortgage, protection

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