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John McCain and the FDIC of mortgage

John McCain and the FDIC of mortgage

This is a discussion on John McCain and the FDIC of mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In the second dabate, John McCain talked about buying up bad bmortgage/b in order to save the economy,but he stop ...

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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, 07:56 PM

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John McCain and the FDIC of mortgage

In the second dabate, John McCain talked about buying up bad bmortgage/b in order to save the economy,but he stop talking about it the next day ,one reason for that is because people question how we will pay for it. b.../b

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fdic, john, mccain, mortgage

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