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What is the solution to the mortgage madness?

This is a discussion on What is the solution to the mortgage madness? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Did you know that this bmortgage/b meltdown…which led to the collapse of worldwide financial markets is blamed on the origination ...


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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 11-03-2008, 02:49 PM
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Default What is the solution to the mortgage madness?

Did you know that this bmortgage/b meltdown…which led to the collapse of worldwide financial markets is blamed on the origination of Sub prime bmortgages/b. What is absolutely crazy to me is that of all the bmortgages/b created in the US, b.../b

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