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For the Record: November 25, 2008 - RBC Mortgage Company Pays U.S.

For the Record: November 25, 2008 - RBC Mortgage Company Pays U.S.

This is a discussion on For the Record: November 25, 2008 - RBC Mortgage Company Pays U.S. within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; RBC Mortgage Company (RBC) has agreed to pay the United States more than $10.71 million to resolve allegations arising under ...

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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, 12:44 AM

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For the Record: November 25, 2008 - RBC Mortgage Company Pays U.S. ...

RBC Mortgage Company (RBC) has agreed to pay the United States more than $10.71 million to resolve allegations arising under the False Claims Act concerning 219 federally insured loans for bmortgages/b submitted to the Federal Housing b.../b

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