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*Fed Unveils Mortgage Support Program - Economy US * News * Story**

Fed Unveils Mortgage Support Program - Economy * US * News * Story

This is a discussion on Fed Unveils Mortgage Support Program - Economy * US * News * Story within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The US Federal Reserve, in another massive life-support intervention for the US financial system, Tuesday announced a $600 billion program ...

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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, 01:25 PM

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Fed Unveils Mortgage Support Program - Economy * US * News * Story ...

The US Federal Reserve, in another massive life-support intervention for the US financial system, Tuesday announced a $600 billion program to buy bmortgage/b-related debt and securities and a $200 billion facility to buy consumer debt b.../b

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economy, fed, mortgage, news, program, story, support, unveils

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