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Program Targets Consumer Spending, Mortgage Rates \| Flizu.com

Program Targets Consumer Spending, Mortgage Rates | Flizu.com

This is a discussion on Program Targets Consumer Spending, Mortgage Rates | Flizu.com within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Federal Reserve and Treasury moved today to boost consumer spending and lower home bmortgage/b rates, committing up to $800 ...

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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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11-26-2008, 12:39 AM

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Program Targets Consumer Spending, Mortgage Rates | Flizu.com

The Federal Reserve and Treasury moved today to boost consumer spending and lower home bmortgage/b rates, committing up to $800 billion to make it easier for.

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