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George S May Blog \| Should taxpayers cover the cost of mortgage

George S May Blog | Should taxpayers cover the cost of mortgage

This is a discussion on George S May Blog | Should taxpayers cover the cost of mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Hey taxpayer you mind picking this one up? Well, you might not have a choice. Recent reports hint toward the ...

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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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11-24-2008, 08:54 PM

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George S May Blog | Should taxpayers cover the cost of mortgage ...

Hey taxpayer you mind picking this one up? Well, you might not have a choice. Recent reports hint toward the notion that bmortgage/b giants Fannie Mae and Freddie.

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