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Real Estate Blog - Mortgage Interest Rate AlertThis is a discussion on Real Estate Blog - Mortgage Interest Rate Alert within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Federal Reserve announced a massive new program today to buy bmortgage/b-backed securities. Up to $500 billion in funds will ... |
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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, 05:59 PM
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Real Estate Blog - Mortgage Interest Rate Alert
The Federal Reserve announced a massive new program today to buy bmortgage/b-backed securities. Up to $500 billion in funds will be used to buy bmortgage/b-backed securities backed by Fannie Mae, Freddie Mac and Ginnie Mae and up to $100 b.../b
More... (Source: Google Blog Search) 
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| alert, blog, estate, interest, mortgage, rate, real |
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