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Legal Frameworks Need Adjustments to Support Growth in Mortgage

Legal Frameworks Need Adjustments to Support Growth in Mortgage

This is a discussion on Legal Frameworks Need Adjustments to Support Growth in Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; b.../b Kuwait, Saudi Arabia and the United Arab Emirates, have undergone unprecedented growth. The real estate markets have been a ...

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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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10-13-2008, 11:54 AM

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Legal Frameworks Need Adjustments to Support Growth in Mortgage ...

b.../b Kuwait, Saudi Arabia and the United Arab Emirates, have undergone unprecedented growth. The real estate markets have been a primary growth sector within the region, which in turn has led to advances in the bmortgage/b industry.

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