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Treasury mulls plan to lower mortgage rates to 4.5% | Income TrustThis is a discussion on Treasury mulls plan to lower mortgage rates to 4.5% | Income Trust within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Similar to an effort unveiled last week by the Federal Reserve, the proposal calls for Treasury to buy securities backed ... |
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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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Similar to an effort unveiled last week by the Federal Reserve, the proposal calls for Treasury to buy securities backed by 30-year fixed-rate bmortgages/b from Fannie Mae and Freddie Mac. Details on the plan remain sketchy, b.../b
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| 45%, income, lower, mortgage, mulls, plan, rates, treasury, trust |
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