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One-Size Mortgage Bailout Won’t Fit All

One-Size Mortgage Bailout Won’t Fit All

This is a discussion on One-Size Mortgage Bailout Won’t Fit All within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; October 26 2008 - New York Times economy columnist David Leonhardt talks with Andrea Seabrook about bailing out failing bmortgages/b. ...

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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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One-Size Mortgage Bailout Won’t Fit All

October 26 2008 - New York Times economy columnist David Leonhardt talks with Andrea Seabrook about bailing out failing bmortgages/b. Leonhardt says regulators must be careful not to create incentives for people to walk away from their b.../b

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