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HUD Chief Questions McCain’s Bold Mortgage Plan

HUD Chief Questions McCain’s Bold Mortgage Plan

This is a discussion on HUD Chief Questions McCain’s Bold Mortgage Plan within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; “The housing crisis is the fault of predatory lenders, irresponsible buyers and careless Wall Street investors. I’m particularly amazed that ...

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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, 04:36 PM

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HUD Chief Questions McCain’s Bold Mortgage Plan

“The housing crisis is the fault of predatory lenders, irresponsible buyers and careless Wall Street investors. I’m particularly amazed that people (on Wall Street) who had all these sophisticated models and were trained to analyze all b.../b

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bold, chief, hud, mccain’s, mortgage, plan, questions

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