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FDIC Chair Promotes Increased Incentives for Mortgage Modifications

FDIC Chair Promotes Increased Incentives for Mortgage Modifications

This is a discussion on FDIC Chair Promotes Increased Incentives for Mortgage Modifications within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Federal Deposit Insurance Corporation Chairperson Sheila Bair told lawmakers about her plans to use methods pioneered by several existing programs ...

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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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10-26-2008, 12:05 AM

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FDIC Chair Promotes Increased Incentives for Mortgage Modifications

Federal Deposit Insurance Corporation Chairperson Sheila Bair told lawmakers about her plans to use methods pioneered by several existing programs to encourage bmortgage/b servicers to increase the pace of loan modifications for homeowners b.../b

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(Source: Google Blog Search)

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chair, fdic, incentives, increased, modifications, mortgage, promotes

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