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Teame13.org - Mortgage News » Blog Archive » Merrill Lynch boss

Teame13.org - Mortgage News » Blog Archive » Merrill Lynch boss

This is a discussion on Teame13.org - Mortgage News » Blog Archive » Merrill Lynch boss within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Teame13.org - Mortgage News 2008 Sitemap. The chairman and chief executive of troubled Wall Street bank Merrill Lynch, which has ...

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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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Teame13.org - Mortgage News » Blog Archive » Merrill Lynch boss ...

Teame13.org - Mortgage News 2008 Sitemap. The chairman and chief executive of troubled Wall Street bank Merrill Lynch, which has taken 10 billion dollars in federal aid, is seeking a 10-million-dollar bonus this year, a US newspaper b.../b

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