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Midas Financial Planning » Blog Archive » Mortgage Firms CouldThis is a discussion on Midas Financial Planning » Blog Archive » Mortgage Firms Could within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage Firms Could Face FSA Action. Mortgage lenders and administrators have been warned that they will risk punishment if they ... |
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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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11-29-2008, 04:14 PM
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Midas Financial Planning » Blog Archive » Mortgage Firms Could ...
Mortgage Firms Could Face FSA Action. Mortgage lenders and administrators have been warned that they will risk punishment if they do not make sure that customers in arrears are being treated fairly. b.../b
More... (Source: Google Blog Search) 
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| archive, blog, financial, firms, midas, mortgage, planning |
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