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Mortgage finance company Fannie Mae backs off on fee hike for new ...

Mortgage finance company Fannie Mae backs off on fee hike for new ...

This is a discussion on Mortgage finance company Fannie Mae backs off on fee hike for new ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; WASHINGTON - Mortgage finance company Fannie Mae, seized by the US government last month, is cancelling a fee hike for ...

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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, 10:52 PM

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Mortgage finance company Fannie Mae backs off on fee hike for new ...

WASHINGTON - Mortgage finance company Fannie Mae, seized by the US government last month, is cancelling a fee hike for new mortgages. Fannie Mae said Thursday that a fee introduced last year will remain at 0.25 per cent of the total ...

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