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Seattle bankers indicted over home loans
September 02, 2011
SEATTLE, Aug. 5 (UPI) -- Four people were indicted in an alleged loan-fraud scheme that federal prosecutors said led to the collapse of a Seattle-area bank. Two of the...
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JPMorgan Chase To Pay $614M Over Mortgage Lending
February 05, 2014 | Wochit
November 27, 2013 | KTVX ABC 4 Salt Lake City
JPMorgan $13 Billion Mortgage Deal Expected Tuesday
November 19, 2013 | Wochit
November 13, 2013 | KTVX ABC 4 Salt Lake City
Home Loans Getting Easier to Obtain
October 30, 2013 | KOZL
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 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. This comes from the Old French "dead pledge," apparently meaning...
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