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Chris Dodd Under Investigation for Sweetheart Mortgage Deal

This is a discussion on Chris Dodd Under Investigation for Sweetheart Mortgage Deal within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; NBC news reports that the Justice Department has begun an investigation into whether Countrywide Financial Corp used the 'Friends of ...


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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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Old 10-30-2008, 07:43 PM
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Default Chris Dodd Under Investigation for Sweetheart Mortgage Deal
NBC news reports that the Justice Department has begun an investigation into whether Countrywide Financial Corp used the 'Friends of Angelo (Mozilo)' program to buy influence with Senators Chris Dodd (D-CT), Kent Conrad (D-ND), b.../b

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Old 08-04-2009, 10:00 AM
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try it, it would be better
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Old 08-04-2009, 10:01 AM
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