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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; So although the apartments and house may last for 50 or 100 years (we hope) it seems as though the ...

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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, 07:32 PM

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The Mortgage Fund That Was Safe as Houses

So although the apartments and house may last for 50 or 100 years (we hope) it seems as though the bmortgage/b funds that have helped support the property market surge may not be quite so safe anymore. According to the Australian Financial b.../b

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