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Treasury, FDIC Near Deal On Mortgage AidThis is a discussion on Treasury, FDIC Near Deal On Mortgage Aid within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Negotiators for the Treasury and Federal Deposit Insurance Corp. are nearing agreement on a plan to have the government guarantee ... |
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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 Near Deal On Mortgage Aid
Negotiators for the Treasury and Federal Deposit Insurance Corp. are nearing agreement on a plan to have the government guarantee the bmortgages/b of millions of distressed homeowners in what would be a significant departure for the b.../b
More... (Source: Google Blog Search) 
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| aid, deal, fdic, mortgage, treasury |
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