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Bernanke: More Foreclosure Aid Needed \| My Mortgage Insider

Bernanke: More Foreclosure Aid Needed | My Mortgage Insider

This is a discussion on Bernanke: More Foreclosure Aid Needed | My Mortgage Insider within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Federal Reserve Chairman Ben Bernanke said Thursday that the government must do more to address foreclosures. More... (Source: Google Blog ...

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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, 06:57 PM

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Bernanke: More Foreclosure Aid Needed | My Mortgage Insider

Federal Reserve Chairman Ben Bernanke said Thursday that the government must do more to address foreclosures.

More...

(Source: Google Blog Search)

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aid, bernanke, foreclosure, insider, mortgage, needed

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