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Wasn#39;t the world going to end if the mortgage backed securities

Wasn#39;t the world going to end if the mortgage backed securities

This is a discussion on Wasn#39;t the world going to end if the mortgage backed securities within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I opposed the "bailout" to begin with (and so did lots of other economists). Sen. Jim Inhofe raises some important ...

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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, 03:38 PM

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Wasn#39;t the world going to end if the mortgage backed securities ...

I opposed the "bailout" to begin with (and so did lots of other economists). Sen. Jim Inhofe raises some important concerns and possibilities here. I am sure that Paulson is doing what he thinks is right, but it is only natural to hear b.../b

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