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Headline: Mortgage fund freezes withdrawals

This is a discussion on Headline: Mortgage fund freezes withdrawals within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Challenger Financial Group-owned Challenger Howard Mortgage Fund is today expected to halt investor redemptions after Federal Labor’s bank deposit ...


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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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Old 10-23-2008, 11:00 PM
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Default Headline: Mortgage fund freezes withdrawals

The Challenger Financial Group-owned Challenger Howard Mortgage Fund is today expected to halt investor redemptions after Federal Labor’s bank deposit guarantee plan triggered an investor flight to the major banks, according to figures b.../b

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