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Lenders Fighting Mortgage Rewrite - washingtonpost.com Lenders ...This is a discussion on Lenders Fighting Mortgage Rewrite - washingtonpost.com Lenders ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The nation’s largest lending institutions are lobbying hard to block a proposal in Congress that would give bankruptcy judges greater ... |
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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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02-22-2008, 09:24 PM
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Lenders Fighting Mortgage Rewrite - washingtonpost.com Lenders ...
The nation’s largest lending institutions are lobbying hard to block a proposal in Congress that would give bankruptcy judges greater latitude to rewrite mortgages held by financially strapped homeowners. ...
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