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Will Job Cuts At Banks Hurt Government Plans For Mortgage Workouts?

Will Job Cuts At Banks Hurt Government Plans For Mortgage Workouts?

This is a discussion on Will Job Cuts At Banks Hurt Government Plans For Mortgage Workouts? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Morgan Stanley Cuts 1000 Mortgage Related Jobs Morgan Stanley (MS), the investment firm, is cutting 1000 jobs... After Fed Rate ...

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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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11-17-2008, 01:17 PM

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Will Job Cuts At Banks Hurt Government Plans For Mortgage Workouts?

Morgan Stanley Cuts 1000 Mortgage Related Jobs Morgan Stanley (MS), the investment firm, is cutting 1000 jobs... After Fed Rate Cuts, Mortgage Rates Continue To Rise The world markets celebrated last week when the Federal Reserve. b.../b

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banks, cuts, government, hurt, job, mortgage, plans, workouts

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