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Afternoon Mortgage Meltdown: Bringing the Bailout Home: The FDIC

Afternoon Mortgage Meltdown: Bringing the Bailout Home: The FDIC

This is a discussion on Afternoon Mortgage Meltdown: Bringing the Bailout Home: The FDIC within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The FDIC may soon guarantee some homeowners' bmortgages/b before they're sent into foreclosure. It's a move akin to what 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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10-24-2008, 02:03 AM

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Afternoon Mortgage Meltdown: Bringing the Bailout Home: The FDIC ...

The FDIC may soon guarantee some homeowners' bmortgages/b before they're sent into foreclosure. It's a move akin to what the feds did back during the Great Depression. The strategy would get at what it calls the "root cause" of the b.../b

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