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What's Happening in Mortgages - Afternoon Edition - Friday ...This is a discussion on What's Happening in Mortgages - Afternoon Edition - Friday ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; California to Retrain Laid-off Mortgage Workers. Another Attempt to Ameliorate the Housing Situation Proposed. Don't dwell on college savings options. ... |
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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, 10:56 PM
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What's Happening in Mortgages - Afternoon Edition - Friday ...
California to Retrain Laid-off Mortgage Workers. Another Attempt to Ameliorate the Housing Situation Proposed. Don't dwell on college savings options. Tap IRA for quick, penalty-free cash. Where the candidates stand on the subprime ...
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