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Understanding New Mortgages from Structured Firms

This is a discussion on Understanding New Mortgages from Structured Firms within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; bMortgage/b originators - those companies that help start bmortgages/b and transactions - rarely keep the bmortgages/b they start. Many 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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Old 11-01-2008, 07:48 AM
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Default Understanding New Mortgages from Structured Firms

bMortgage/b originators - those companies that help start bmortgages/b and transactions - rarely keep the bmortgages/b they start. Many bmortgages/b are sold to secondary markets because the originators want to take the fees they collected and keep b.../b

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