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FDIC Plan For Mortgage Relief Tests the Limits of Leniency

FDIC Plan For Mortgage Relief Tests the Limits of Leniency

This is a discussion on FDIC Plan For Mortgage Relief Tests the Limits of Leniency within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In July, the failure of bmortgage/b lender IndyMac Bancorp, one of the country’s biggest originator of subprime bmortgage/b loans, prompted ...

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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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11-03-2008, 01:52 AM

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FDIC Plan For Mortgage Relief Tests the Limits of Leniency

In July, the failure of bmortgage/b lender IndyMac Bancorp, one of the country’s biggest originator of subprime bmortgage/b loans, prompted a seizure by banking regulators. The FDIC was assigned the task of sorting through its massive loan b.../b

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fdic, leniency, limits, mortgage, plan, relief, tests

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