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Treasury eyes 4.5% mortgage rate \| Florida Virtual Houses

Treasury eyes 4.5% mortgage rate | Florida Virtual Houses

This is a discussion on Treasury eyes 4.5% mortgage rate | Florida Virtual Houses within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Lobbyists are pushing the Treasury Department to consider a plan to purchase bmortgage/b-backed securities in the hopes of driving bmortgage/b ...

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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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12-06-2008, 03:38 AM

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Treasury eyes 4.5% mortgage rate | Florida Virtual Houses

Lobbyists are pushing the Treasury Department to consider a plan to purchase bmortgage/b-backed securities in the hopes of driving bmortgage/b rates to as low as 4.5%, an industry source said.

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