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Is Treasury#39;s Plan to Lower Mortgage Rates Worth the Cost

Is Treasury#39;s Plan to Lower Mortgage Rates Worth the Cost

This is a discussion on Is Treasury#39;s Plan to Lower Mortgage Rates Worth the Cost within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Treasury Department's latest prescription for the ailing housing market could turn out to be more placebo than cure, and ...

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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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Is Treasury#39;s Plan to Lower Mortgage Rates Worth the Cost ...

The Treasury Department's latest prescription for the ailing housing market could turn out to be more placebo than cure, and a costly placebo at that. Some economists question whether just lo...

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