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Fortress Partners with Quicken on Mortgage JV

Fortress Partners with Quicken on Mortgage JV

This is a discussion on Fortress Partners with Quicken on Mortgage JV within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Fortress Investment Group and Quicken Loans Inc. have entered into an exclusive joint venture, to “help Fortress implement a comprehensive ...

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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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10-31-2008, 01:25 PM

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Fortress Partners with Quicken on Mortgage JV

Fortress Investment Group and Quicken Loans Inc. have entered into an exclusive joint venture, to “help Fortress implement a comprehensive refinancing and loan modification strategy for its bmortgage/b portfolio and investments.” b.../b

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