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Housing chief questions McCain#39;s mortgage proposal

Housing chief questions McCain#39;s mortgage proposal

This is a discussion on Housing chief questions McCain#39;s mortgage proposal within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Associated Press - October 21, 2008 2:15 PM ET SEATTLE (AP) - The nation's housing chief says he has "grave ...

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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, 09:23 PM

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Housing chief questions McCain#39;s mortgage proposal

Associated Press - October 21, 2008 2:15 PM ET SEATTLE (AP) - The nation's housing chief says he has "grave concerns" about John McCain's proposal to require the government to rework bad home...

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