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» FDIC Chief Says More Mortgage Help Needed HallSlug.com: Lets

» FDIC Chief Says More Mortgage Help Needed HallSlug.com: Lets

This is a discussion on » FDIC Chief Says More Mortgage Help Needed HallSlug.com: Lets within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Both the government and the banking industry have tried to slow the bmortgage/b meltdown. Hope Now, the Bush-administration led coalition ...

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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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12-03-2008, 02:00 PM

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» FDIC Chief Says More Mortgage Help Needed HallSlug.com: Lets ...

Both the government and the banking industry have tried to slow the bmortgage/b meltdown. Hope Now, the Bush-administration led coalition of banks, loan servicers and community advocacy groups created to tackle the foreclosure problem, b.../b

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