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Treasury, FDIC plan mortgage guarantees to stem home foreclosuresThis is a discussion on Treasury, FDIC plan mortgage guarantees to stem home foreclosures within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The plan, which could place as many as three million homeowners in affordable bmortgages/b, would require lenders to restructure 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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10-30-2008, 03:03 PM
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Treasury, FDIC plan mortgage guarantees to stem home foreclosures
The plan, which could place as many as three million homeowners in affordable bmortgages/b, would require lenders to restructure bmortgages/b based on the borrower's ability to repay. In exchange, banks / lenders would receive a federal b.../b
More... (Source: Google Blog Search) 
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| fdic, foreclosures, guarantees, home, mortgage, plan, stem, treasury |
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