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FDIC’s Bair: Hopeful Obama will support her mortgage plan \| Barack

FDIC’s Bair: Hopeful Obama will support her mortgage plan | Barack

This is a discussion on FDIC’s Bair: Hopeful Obama will support her mortgage plan | Barack within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; MarketWatch.com - All MarketWatch News – Federal Deposit Insurance Corporation chairwoman Sheila Bair says she hopes the Obama administration will ...

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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, 09:33 PM

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FDIC’s Bair: Hopeful Obama will support her mortgage plan | Barack ...

MarketWatch.com - All MarketWatch News – Federal Deposit Insurance Corporation chairwoman Sheila Bair says she hopes the Obama administration will support a.

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bair, barack, fdic’s, hopeful, mortgage, obama, plan, support

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