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FDIC Alters Mortgages To Stop Foreclosures

FDIC Alters Mortgages To Stop Foreclosures

This is a discussion on FDIC Alters Mortgages To Stop Foreclosures within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Financial incentives will be offered to companies who agree to sharply reduce monthly payments on bmortgage/b loans. Maybe I’m old ...

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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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11-14-2008, 11:58 PM

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FDIC Alters Mortgages To Stop Foreclosures

Financial incentives will be offered to companies who agree to sharply reduce monthly payments on bmortgage/b loans. Maybe I’m old school, but if you can’t pay for it, shouldn’t you lose it? What about the millions of Americans who DIDN’T b.../b

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alters, fdic, foreclosures, mortgages, stop

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