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U.S. Weighs Plan To Lower Mortgage Rates

U.S. Weighs Plan To Lower Mortgage Rates

This is a discussion on U.S. Weighs Plan To Lower Mortgage Rates within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Treasury Department is strongly considering a plan to intervene directly in the bmortgage/b industry to dramatically force down rates ...

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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, 06:56 AM

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U.S. Weighs Plan To Lower Mortgage Rates

The Treasury Department is strongly considering a plan to intervene directly in the bmortgage/b industry to dramatically force down rates and stimulate the housing market, according to sources familiar with the proposal, b.../b

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(Source: Google Blog Search)

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