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Global initiative to revamp mortgage securities (Financial Times)

Global initiative to revamp mortgage securities (Financial Times)

This is a discussion on Global initiative to revamp mortgage securities (Financial Times) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Global financial institutions are set to overhaul standards for bmortgage/b securities to give investors, servicers and ratings agencies greater certainty ...

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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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12-04-2008, 01:31 AM

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Global initiative to revamp mortgage securities (Financial Times)

Global financial institutions are set to overhaul standards for bmortgage/b securities to give investors, servicers and ratings agencies greater certainty over credit quality and how home loans can be changed when borrowers fall behind on b.../b

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financial, global, initiative, mortgage, revamp, securities, times

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