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September Reverse Mortgage Activity Stable

September Reverse Mortgage Activity Stable

This is a discussion on September Reverse Mortgage Activity Stable within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Despite all the talk about financial meltdown, mortgage crisis and recession, the level of HECM reverse mortgage activity remained stable ...

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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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10-04-2008, 01:07 PM

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September Reverse Mortgage Activity Stable

Despite all the talk about financial meltdown, mortgage crisis and recession, the level of HECM reverse mortgage activity remained stable in September. A total 9494 HECM’s were endorsed during the month according to HUD reports. ...

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activity, mortgage, reverse, september, stable

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