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US bailout: Treasury won’t buy troubled mortgage assets

US bailout: Treasury won’t buy troubled mortgage assets

This is a discussion on US bailout: Treasury won’t buy troubled mortgage assets within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; US Treasury Secretary Henry Paulson said the Treasury is dropping its original plan to buy troubled bmortgage/b assets as it ...

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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, 10:45 AM

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US bailout: Treasury won’t buy troubled mortgage assets

US Treasury Secretary Henry Paulson said the Treasury is dropping its original plan to buy troubled bmortgage/b assets as it was no longer the most effective way to use the USD 700 billion financial relief package. b.../b

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(Source: Google Blog Search)

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assets, bailout, buy, mortgage, treasury, troubled, won’t

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
EXTRA: Paulson says troubled assets will not be purchased	Administrator	Mortgage Know-How	0	11-13-2008 02:56 PM
Paulson says troubled assets will not be purchased	Administrator	Mortgage Know-How	0	11-13-2008 10:45 AM
Paulson: Government won't purchase troubled assets	Administrator	Mortgage Know-How	0	11-13-2008 12:05 AM
Paulson: Troubled assets won't be purchased	Administrator	Mortgage Know-How	0	11-12-2008 08:01 PM
Gov't scraps plan to buy troubled assets	Administrator	Mortgage Know-How	0	11-12-2008 08:01 PM

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