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Paulson: Treasury won#39;t buy #39;toxic#39; mortgage-related securities

Paulson: Treasury won#39;t buy #39;toxic#39; mortgage-related securities

This is a discussion on Paulson: Treasury won#39;t buy #39;toxic#39; mortgage-related securities within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Federal authorities have dropped plans to use the $700 billion rescue plan to buy up damaged securities in order to ...

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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, 07:31 PM

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Paulson: Treasury won#39;t buy #39;toxic#39; mortgage-related securities

Federal authorities have dropped plans to use the $700 billion rescue plan to buy up damaged securities in order to inject more capital in the nation's lenders.

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(Source: Google Blog Search)

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#39toxic#39, buy, mortgagerelated, paulson, securities, treasury, won#39t

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