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Congrats! Lehman#39;s Ex-Mortgage Banking Chief Nabs 10-Room Condo

Congrats! Lehman#39;s Ex-Mortgage Banking Chief Nabs 10-Room Condo

This is a discussion on Congrats! Lehman#39;s Ex-Mortgage Banking Chief Nabs 10-Room Condo within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Locher, formerly a Lehman Brothers managing director and the head of its bmortgage/b banking, bought a $5.25 million apartment at ...

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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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10-08-2008, 06:05 PM

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Congrats! Lehman#39;s Ex-Mortgage Banking Chief Nabs 10-Room Condo ...

Locher, formerly a Lehman Brothers managing director and the head of its bmortgage/b banking, bought a $5.25 million apartment at 500 West End Avenue. According to a listing, the five-bedroom apartment was one of the largest and grandest b.../b

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10room, banking, chief, condo, congrats, exmortgage, lehman#39s, nabs

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