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Understanding the Mortgage Crisis

Understanding the Mortgage Crisis

This is a discussion on Understanding the Mortgage Crisis within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This led to the bmortgage/b bailout plan that the government set in place to buy the loans that weren’t worth ...

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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, 09:45 PM

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Understanding the Mortgage Crisis

This led to the bmortgage/b bailout plan that the government set in place to buy the loans that weren’t worth their value and let the people pay the money back with their tax dollars over the next 30-50 years. The bailout plan prevented b.../b

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