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The Day Ahead: Mortgage Applications, New Home Sales, PCE CoreThis is a discussion on The Day Ahead: Mortgage Applications, New Home Sales, PCE Core within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This entry was posted on Tuesday, November 25th, 2008 at 6:50 pm and is filed under jobless claims, new home ... |
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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, 05:09 AM
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The Day Ahead: Mortgage Applications, New Home Sales, PCE Core ...
This entry was posted on Tuesday, November 25th, 2008 at 6:50 pm and is filed under jobless claims, new home sales, Mortgage Applications. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, b.../b
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