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Taxpayers may pay legal bills for mortgage execsThis is a discussion on Taxpayers may pay legal bills for mortgage execs within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; WASHINGTON (AP) _ When the government took over bmortgage/b giants Fannie Mae and Freddie Mac, taxpayers inherited more than just ... |
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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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WASHINGTON (AP) _ When the government took over bmortgage/b giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They’re also potentially on the hook for tens of millions of dollars in legal fees for the b.../b
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| bills, execs, legal, mortgage, pay, taxpayers |
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| Taxpayers may pay legal bills for mortgage execs | Administrator | Mortgage Know-How | 0 | 11-06-2008 09:16 AM |
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