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Lower mortgage rates no silver bullet \| Money employment amp; careers

Lower mortgage rates no silver bullet | Money employment amp; careers

This is a discussion on Lower mortgage rates no silver bullet | Money employment amp; careers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Lobbyists are pushing the Treasury Department to consider a plan to purchase bmortgage/b-backed securities in the hopes of driving bmortgage/b ...

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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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12-05-2008, 03:02 AM

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Lower mortgage rates no silver bullet | Money employment amp; careers

Lobbyists are pushing the Treasury Department to consider a plan to purchase bmortgage/b-backed securities in the hopes of driving bmortgage/b rates to as low as 4.5%, an industry source said. Markets flat abroad; US looks weak b.../b

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