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Sheila Bair’s Mortgage Miracle \| News About Properties

Sheila Bair’s Mortgage Miracle | News About Properties

This is a discussion on Sheila Bair’s Mortgage Miracle | News About Properties within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; What do you do if you’ve spent your career encouraging bmortgage/b loans to people who can’t repay them? Barney Frank’s ...

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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, 07:21 AM

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Sheila Bair’s Mortgage Miracle | News About Properties

What do you do if you’ve spent your career encouraging bmortgage/b loans to people who can’t repay them? Barney Frank’s answer is to grill federal officials on why they aren’t preventing foreclosures. Infuriated at the difficulty of b.../b

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