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TheStar.com \| Business \| New U.S. mortgage crisis looms over

TheStar.com | Business | New U.S. mortgage crisis looms over

This is a discussion on TheStar.com | Business | New U.S. mortgage crisis looms over within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Those retailers typically were paying rent that was expected to cover bmortgage/b payments. When those $20 billion in bmortgages/b come ...

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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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11-27-2008, 08:08 PM

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TheStar.com | Business | New U.S. mortgage crisis looms over ...

Those retailers typically were paying rent that was expected to cover bmortgage/b payments. When those $20 billion in bmortgages/b come due next year – 2010 and 2011 totals are projected to be even higher – many property owners won't have the b.../b

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