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MBA Launches Reverse Mortgage Resource CenterThis is a discussion on MBA Launches Reverse Mortgage Resource Center within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Earlier this week, the Mortgage Bankers Association launched their new Reverse Mortgage Resource Center (RMRC). According to the website, the ... |
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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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11-06-2008, 07:23 PM
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MBA Launches Reverse Mortgage Resource Center
Earlier this week, the Mortgage Bankers Association launched their new Reverse Mortgage Resource Center (RMRC). According to the website, the RMRC is designed to be your one location for the latest information on the growing reverse b.../b
More... (Source: Google Blog Search) 
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| center, launches, mba, mortgage, resource, reverse |
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