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Canada May Triple Bank Mortgage Purchases to C$75 Bln (Update3

Canada May Triple Bank Mortgage Purchases to C$75 Bln (Update3

This is a discussion on Canada May Triple Bank Mortgage Purchases to C$75 Bln (Update3 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 12 (Bloomberg) — Canada expanded measures to help banks get through a global credit crisis and keep up with backstops ...

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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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11-13-2008, 05:04 AM

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Canada May Triple Bank Mortgage Purchases to C$75 Bln (Update3 ...

12 (Bloomberg) — Canada expanded measures to help banks get through a global credit crisis and keep up with backstops offered in other countries, buying up more bmortgages/b and other debt and offering cheaper loan insurance. b.../b

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(Source: Google Blog Search)

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bank, bln, c$75, canada, mortgage, purchases, triple, update3

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