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Postal Service investigates VIP mortgage of boss

Postal Service investigates VIP mortgage of boss

This is a discussion on Postal Service investigates VIP mortgage of boss within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; WASHINGTON: The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a bmortgage/b from ...

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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, 08:05 PM

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Postal Service investigates VIP mortgage of boss

WASHINGTON: The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a bmortgage/b from Countrywide Financial Corp., the chairman of the service's governing board said.

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boss, investigates, mortgage, postal, service, vip

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