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Mortgages: December 5, 2008 Taxpayers: Furious over homeowner

Mortgages: December 5, 2008 Taxpayers: Furious over homeowner

This is a discussion on Mortgages: December 5, 2008 Taxpayers: Furious over homeowner within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Nor did it take a vote before it agreed to fund the new streamlined bmortgage/b modification programs for loans 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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12-05-2008, 10:23 AM

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Mortgages: December 5, 2008 Taxpayers: Furious over homeowner ...

Nor did it take a vote before it agreed to fund the new streamlined bmortgage/b modification programs for loans backed by Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500). And now there is the possibility that some of the b.../b

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