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Housing Slump Impacts Reverse-Mortgage TrendThis is a discussion on Housing Slump Impacts Reverse-Mortgage Trend within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 24—Although the number of reverse mortgages has been growing in recent years, the national housing slump seems to be stunting ... |
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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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24—Although the number of reverse mortgages has been growing in recent years, the national housing slump seems to be stunting that growth. Federal Housing Administration figures for Berks County show year-over-year increases for 2006 ...
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| housing, impacts, reversemortgage, slump, trend |
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