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IndyMac, FDIC are models for mortgage relief

IndyMac, FDIC are models for mortgage relief

This is a discussion on IndyMac, FDIC are models for mortgage relief within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; After missing three payments, the Carrillos were $9800 behind on their bmortgage/b with IndyMac Bank. But after the Federal 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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10-26-2008, 05:22 PM

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IndyMac, FDIC are models for mortgage relief

After missing three payments, the Carrillos were $9800 behind on their bmortgage/b with IndyMac Bank. But after the Federal Deposit Insurance Corp. seized IndyMac, the bank agreed to modify Carrillo’s loan, dropping her monthly payment b.../b

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fdic, indymac, models, mortgage, relief

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