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Polishing Mortgage Turds: The FDIC Loan Modification Plan Will Not

Polishing Mortgage Turds: The FDIC Loan Modification Plan Will Not

This is a discussion on Polishing Mortgage Turds: The FDIC Loan Modification Plan Will Not within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Polishing a turd definition: The act of trying to make something hopelessly weak and unattractive appear strong and appealing. An ...

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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, 04:41 PM

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Polishing Mortgage Turds: The FDIC Loan Modification Plan Will Not ...

Polishing a turd definition: The act of trying to make something hopelessly weak and unattractive appear strong and appealing. An impossible process that usually results in a larger, uglier turd. Example: She tried to look more b.../b

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