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Bank Shapeup Puts More Than 50% of Mortgage Business at 4 Firms

Bank Shapeup Puts More Than 50% of Mortgage Business at 4 Firms

This is a discussion on Bank Shapeup Puts More Than 50% of Mortgage Business at 4 Firms within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This year’s scrambling to salvage some of the country’s largest banks has dramatically reshaped the bmortgage/b origination and bmortgage/b servicing ...

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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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10-09-2008, 02:57 PM

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Bank Shapeup Puts More Than 50% of Mortgage Business at 4 Firms

This year’s scrambling to salvage some of the country’s largest banks has dramatically reshaped the bmortgage/b origination and bmortgage/b servicing landscape. According to a new analysis by Inside Mortgage Finance, the top four banks in the b.../b

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50%, bank, business, firms, mortgage, puts, shapeup

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