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Future Fund ‘cannot bail out’ mortgage funds

Future Fund ‘cannot bail out’ mortgage funds

This is a discussion on Future Fund ‘cannot bail out’ mortgage funds within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; FUTURE Fund chairman David Murray says it is not the role of the $63 billion fund to bail out troubled ...

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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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11-02-2008, 05:44 PM

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Future Fund ‘cannot bail out’ mortgage funds

FUTURE Fund chairman David Murray says it is not the role of the $63 billion fund to bail out troubled bmortgage/b-based investment funds. Some bmortgage/b-based investment funds have had to be frozen after they experienced an exodus of funds b.../b

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(Source: Google Blog Search)

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bail, fund, funds, future, mortgage, out’, ‘cannot

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