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Mortgage Delinquencies, Foreclosures Rise to Record

Mortgage Delinquencies, Foreclosures Rise to Record

This is a discussion on Mortgage Delinquencies, Foreclosures Rise to Record within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The share of bmortgages/b 30 days or more overdue rose to a seasonally adjusted 6.99 percent while loans already in ...

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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, 08:07 PM

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Mortgage Delinquencies, Foreclosures Rise to Record

The share of bmortgages/b 30 days or more overdue rose to a seasonally adjusted 6.99 percent while loans already in foreclosure rose to 2.97 percent, both all-time highs in a survey that goes back 29 years, the Mortgage Bankers Association b.../b

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