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The Mortgage Fund That Was Safe as Houses

The Mortgage Fund That Was Safe as Houses

This is a discussion on The Mortgage Fund That Was Safe as Houses within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Despite it having no exposure to subprime bmortgages/b and no exposure to the resources industry its share price has been ...

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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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10-21-2008, 01:49 AM

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The Mortgage Fund That Was Safe as Houses

Despite it having no exposure to subprime bmortgages/b and no exposure to the resources industry its share price has been hit as hard as those that do. Once the market wakes up to its senses this company will soon reach its true valuation. b.../b

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