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Massive mortgage aid planned

Massive mortgage aid planned

This is a discussion on Massive mortgage aid planned within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; b.../b afternoon and negotiations could still fall apart, but government agencies were contemplating using around $50 billion from the recently ...

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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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10-30-2008, 01:02 AM

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Massive mortgage aid planned

b.../b afternoon and negotiations could still fall apart, but government agencies were contemplating using around $50 billion from the recently passed bailout of the financial industry to guarantee about $500 billion in bmortgages/b. b.../b

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