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www.kansascity.com \| 11/25/2008 \| Mortgage security rates fall

www.kansascity.com | 11/25/2008 | Mortgage security rates fall

This is a discussion on www.kansascity.com | 11/25/2008 | Mortgage security rates fall within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Rates on Fannie Mae and Freddie Mac debt fell Tuesday - a promising sign that homeowners' bmortgage/b rates could decline, ...

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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, 09:20 PM

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www.kansascity.com | 11/25/2008 | Mortgage security rates fall ...

Rates on Fannie Mae and Freddie Mac debt fell Tuesday - a promising sign that homeowners' bmortgage/b rates could decline, too - after the Federal Reserve said it will buy up to $600 billion in bmortgage/b-backed assets. extra description.

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