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Culture Scout Blog: Mortgage Crisis and The Insidious Culture of Greed

Culture Scout Blog: Mortgage Crisis and The Insidious Culture of Greed

This is a discussion on Culture Scout Blog: Mortgage Crisis and The Insidious Culture of Greed within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I recall the very first bmortgage/b for which I applied. It involved hours of interrogation about my financial records, income, ...

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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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11-19-2008, 02:17 PM

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Culture Scout Blog: Mortgage Crisis and The Insidious Culture of Greed

I recall the very first bmortgage/b for which I applied. It involved hours of interrogation about my financial records, income, credit and all manner of personal information. I remember sweating through the whole affair, so much so that my b.../b

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blog, crisis, culture, greed, insidious, mortgage, scout

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