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must-read on the mortgage crisis: TradeKing Community

must-read on the mortgage crisis: TradeKing Community

This is a discussion on must-read on the mortgage crisis: TradeKing Community within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; My father-in-law Bill Koyle described it to me as one of the most entertaining, disturbing and also illuminating things he’d ...

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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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12-09-2008, 03:41 AM

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must-read on the mortgage crisis: TradeKing Community

My father-in-law Bill Koyle described it to me as one of the most entertaining, disturbing and also illuminating things he’d read yet about the subprime bmortgage/b debacle – and I couldn’t agree more. Check it out! b.../b

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community, crisis, mortgage, mustread, tradeking

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