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MortgageNewsClips: FHFA Mod Announcement, Hudson City, Chris

MortgageNewsClips: FHFA Mod Announcement, Hudson City, Chris

This is a discussion on MortgageNewsClips: FHFA Mod Announcement, Hudson City, Chris within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The mother of all workouts - The Federal Housing Finance Agency, which took over bmortgage/b giants Fannie Mae and Freddie ...

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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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11-12-2008, 10:28 AM

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MortgageNewsClips: FHFA Mod Announcement, Hudson City, Chris ...

The mother of all workouts - The Federal Housing Finance Agency, which took over bmortgage/b giants Fannie Mae and Freddie Mac in September, just announced a new plan to modify troubled … - Seattle Post Intelligencer - USA b.../b

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announcement, chris, city, fhfa, hudson, mod, mortgagenewsclips

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