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Mortgage lending to fall to zero: solution is not what we are

Mortgage lending to fall to zero: solution is not what we are

This is a discussion on Mortgage lending to fall to zero: solution is not what we are within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Well, the Crosby report published yesterday suggested that bmortgage/b lending could actually fall to zero, or even go negative. You ...

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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, 09:45 AM

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Mortgage lending to fall to zero: solution is not what we are ...

Well, the Crosby report published yesterday suggested that bmortgage/b lending could actually fall to zero, or even go negative. You can almost smell the panic.

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fall, lending, mortgage, solution

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