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Frank: Citi Bailout Highlights Need for Mortgage Aid

Frank: Citi Bailout Highlights Need for Mortgage Aid

This is a discussion on Frank: Citi Bailout Highlights Need for Mortgage Aid within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The bailout of Citigroup is generating a wide range of opinions across the blogosphere and among key legislators, with House ...

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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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11-25-2008, 02:34 AM

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Frank: Citi Bailout Highlights Need for Mortgage Aid

The bailout of Citigroup is generating a wide range of opinions across the blogosphere and among key legislators, with House Financial Services Committee chairman Barney Frank (D-MA) saying Monday that the bailout underscored the need b.../b

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aid, bailout, citi, frank, highlights, mortgage

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