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Bailout, Part 1: $335B Down, $15B to Go \| My Mortgage Insider

Bailout, Part 1: $335B Down, $15B to Go | My Mortgage Insider

This is a discussion on Bailout, Part 1: $335B Down, $15B to Go | My Mortgage Insider within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The government has just $15 billion left to spend from the first $350 billion pot of financial bailout money, the ...

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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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12-08-2008, 09:30 PM

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Bailout, Part 1: $335B Down, $15B to Go | My Mortgage Insider

The government has just $15 billion left to spend from the first $350 billion pot of financial bailout money, the Treasury Department announced Monday.

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$15b, $335b, bailout, insider, mortgage, part

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