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Community Lending Not Responsible for Mortgage Crisis » Mortgage NewsThis is a discussion on Community Lending Not Responsible for Mortgage Crisis » Mortgage News within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Federal Reserve Governor Randall Kroszner said there is no evidence that programs boosting community lending spurred the bmortgage/b crisis . ... |
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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, 04:03 PM
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Community Lending Not Responsible for Mortgage Crisis » Mortgage News
Federal Reserve Governor Randall Kroszner said there is no evidence that programs boosting community lending spurred the bmortgage/b crisis . Delivering remarks on the topic of the Community Reinvestment Act (CRA) and the bmortgage/b crisis, b.../b
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| community, crisis, lending, mortgage, news, responsible |
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