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Team Obama Statement on McCain’s Mortgage Lender Bailout Gambit

Team Obama Statement on McCain’s Mortgage Lender Bailout Gambit

This is a discussion on Team Obama Statement on McCain’s Mortgage Lender Bailout Gambit within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In light of the McCain campaign’s latest erratic move on the economy, see below for details on Senator McCain’s plan ...

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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, 06:02 PM

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Team Obama Statement on McCain’s Mortgage Lender Bailout Gambit

In light of the McCain campaign’s latest erratic move on the economy, see below for details on Senator McCain’s plan to reward irresponsible bmortgage/b lenders at taxpayer expense. In the course of twelve hours, McCain transformed a “new” b.../b

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bailout, gambit, lender, mccain’s, mortgage, obama, statement, team

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