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The Washington Independent » Mortgage Plan Prompts More Bailout

The Washington Independent » Mortgage Plan Prompts More Bailout

This is a discussion on The Washington Independent » Mortgage Plan Prompts More Bailout within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Treasury Department’s tentative plan to salvage the housing market by pushing down bmortgage/b interest rates to entice homebuyers already ...

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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, 02:18 PM

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The Washington Independent » Mortgage Plan Prompts More Bailout ...

The Treasury Department’s tentative plan to salvage the housing market by pushing down bmortgage/b interest rates to entice homebuyers already is drawing a lot of reaction. The Wall Street Journal reported that Treasury was weighing the b.../b

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