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Fact Check: Would McCain’s mortgage plan shift burden to taxpayers?

Fact Check: Would McCain’s mortgage plan shift burden to taxpayers?

This is a discussion on Fact Check: Would McCain’s mortgage plan shift burden to taxpayers? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Obama campaign released an ad taking aim at McCain's bmortgage/b plan, but how truthful is the ad?.The Statement:An ad ...

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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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10-11-2008, 02:30 PM

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Fact Check: Would McCain’s mortgage plan shift burden to taxpayers?

The Obama campaign released an ad taking aim at McCain's bmortgage/b plan, but how truthful is the ad?.The Statement:An ad released Thursday, October 9, by Sen. Barack Obama’s campaign, titled “Tested,” takes aim at Sen. b.../b

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burden, check, fact, mccain’s, mortgage, plan, shift, taxpayers

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