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I want to be a mortgage holder aka bank president

I want to be a mortgage holder aka bank president

This is a discussion on I want to be a mortgage holder aka bank president within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; So let me get this straight: The Governor has persuaded the bmortgage/b companies not to foreclose on people for 45 ...

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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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12-02-2008, 04:34 AM

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I want to be a mortgage holder aka bank president ...

So let me get this straight: The Governor has persuaded the bmortgage/b companies not to foreclose on people for 45 days so they can enjoy one more holiday season in their house. How generous of them!!! Especially since it is our tax b.../b

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