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Market Update November 13th 2008 Mortgage backed securitiesThis is a discussion on Market Update November 13th 2008 Mortgage backed securities within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; All economic reports are pointing toward a very weak economy which usually leads to lower bmortgage/b rates, and as I ... |
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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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All economic reports are pointing toward a very weak economy which usually leads to lower bmortgage/b rates, and as I have said before all conventional wisdom is out the window, and we are not in normal times. b.../b
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| 13th, 2008, backed, market, mortgage, november, securities, update |
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