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The other Paulson buys mortgage-backed securities

The other Paulson buys mortgage-backed securities

This is a discussion on The other Paulson buys mortgage-backed securities within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; (FT) John Paulson, the hedge fund manager who was called before Congress last week to discuss the big profits he ...

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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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11-18-2008, 12:20 PM

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The other Paulson buys mortgage-backed securities

(FT) John Paulson, the hedge fund manager who was called before Congress last week to discuss the big profits he made by foreseeing the collapse of the subprime bmortgage/b market, has started to buy securities backed by residential b.../b

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(Source: Google Blog Search)

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buys, mortgagebacked, paulson, securities

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