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Salt Lake City Real Estate Blog: Mortgage Market Update (part II)

Salt Lake City Real Estate Blog: Mortgage Market Update (part II)

This is a discussion on Salt Lake City Real Estate Blog: Mortgage Market Update (part II) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage Bonds rallied 400bp in a couple weeks, setting off an unprecedented refi-boom. Things are quite different right now, but ...

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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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11-22-2008, 04:20 PM

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Salt Lake City Real Estate Blog: Mortgage Market Update (part II)

Mortgage Bonds rallied 400bp in a couple weeks, setting off an unprecedented refi-boom. Things are quite different right now, but stay tuned, should more investors wake up to the value of Mortgage Bonds, we could again see a significant b.../b

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