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McCain: #39;New Money#39; Might Fund $300 Billion Mortgage Plan

This is a discussion on McCain: #39;New Money#39; Might Fund $300 Billion Mortgage Plan within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; ABC News' Teddy Davis and Arnab Datta Report: John McCain's $300 billion bmortgage/b buy-up plan may require new funds, according ...


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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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Default McCain: #39;New Money#39; Might Fund $300 Billion Mortgage Plan
ABC News' Teddy Davis and Arnab Datta Report: John McCain's $300 billion bmortgage/b buy-up plan may require new funds, according to a Thursday interview the Arizona senator gave to ABC News' Charles Gibson. b.../b

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