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mortgage Definition–noun | 1. | a conveyance of an interest in property as security for the repayment of money borrowed. |
| 2. | the deed by which such a transaction is effected. |
| 3. | the rights conferred by it, or the state of the property conveyed. |
–verb (used with object) | 4. | Law. to convey or place (real property) under a mortgage. |
| 5. | to place under advance obligation; pledge: to mortgage one's life to the defense of democracy. |
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From Dictionary
Related topics from Britannicamortgage
in Anglo-American law, any of a number of related devices in which a debtor (mortgagor) conveys an interest in property to a creditor (mortgagee) as security for the payment of a money debt. The ...
Subprime Mortgages: A Catalyst for Global Chaos
One version of chaos theory opines that a butterfly flapping its wings in Beijing could produce a change in atmospheric pressure that in turn could cause a tornado in Texas. This "butterfly effect" ...
property law
The Russian Federation's Civil Code permits mortgages and pledges to be used as devices for securing the performance of legal obligation, notably loan agreements. Although mortgages and pledges are ...
property law
Arnall, Roland Edmond
American businessman founded (1979) Ameriquest Mortgage, the largest subprime mortgage company in the U.S. during the housing boom of the 1990s, but the firm became a victim of the subprime meltdown ...
foreclosure
legal proceeding by which a mortgagor's rights to a mortgaged property may be extinguished if the mortgagor (borrower) fails to live up to the obligations agreed to in the mortgage. The mortgagee ...
civil law
The intricate system of obligations and rights inherited by the ancien regime from feudalism was rejected by the Revolution, which restored a system patterned on that of Roman law.Belgium
Building is encouraged in a number of ways, including government-guaranteed mortgage loans that have low interest rates. Most Belgians prefer to live in single-family houses. The rate of home ...
Finland
The National Board of Housing addresses problems of housing supply and development. There is a general housing shortage in Helsinki. About three-fifths of Finns own their own houses or flats, and the ...
fee
in modern common law, an estate of inheritance (land or other realty) over which a person has absolute ownership. The owner may put it virtually to any use-sell it, give it away, rent or lease it, ...
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Related topics from TechnoratiReal Human Casualties of the Mortgage Massacre
[Truth To Power brings you this exclusive report from Northern California--one family's true saga of a bursting housing bubble, the corporate corruption that engendered it, and the painful reverberations through their lives--CB] Sonoma County, Calif. -- Nearly three years ago, the Taylor Family found a home they thought was perfect, a four-bedroom, single-story home with a hot tub in the backyard in a middle-class neighbor located between two parks. It was a safe neighborhood and a place thaAn inflationary or an inflammatory letter?
The Governor may soon have to write a letter to the Chancellor apologising for the high rate of inflation and saying what if anything he needs to do about it. In a way it should be the Chancellor writing to the Governor, as the Treasury has been at the bottom of the economic mistakes that have led us to higher inflation, and the Treasury has had more power than the Bank in many of the important matters that guide our economy. The Governor, in an honest letter would say: “Dear Chancellor, A Special HousingPANIC Message for Angelo Mozilo at Countrywide Toxic Mortgage
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Writer’s Journey Writing for success…what is success? Each writer needs to define this for themselves. Success for one of my friends is cold, hard cash. For another, it was security and a savings account – another one wanted the personal fulfillment of reaching a dream. As individuals, we are motivated by different things, so it makes sense that our idea of reaching the ‘aha’ moment is as varied as my hair color – which ranges from natural gray to Clairol number 6. One of the questions I haPermalink
J.K. Rowling: The Fringe Benefits of Failure, and the Importance of Imagination taken from Harvard Magazine President Faust, members of the Harvard Corporation and the Board of Overseers, members of the faculty, proud parents, and, above all, graduates. The first thing I would like to say is ‘thank you.’ Not only has Harvard given me an extraordinary honour, but the weeks of fear and nausea I’ve experienced at the thought of giving this commencement address have made me lose weight. A win-winProperty Market Update 2008: Will It Be Feast or Famine?
By Michael Yardney A global credit crunch; US sub-prime crisis; US economy heading for recession; stock markets down; interest rate hikes; housing affordability plummets to an all time low; unprecedented rental supply shortage; lenders tightening their belts. The incessant media hype surrounding our property markets on a daily basis has been overwhelming to say the least. I know from conducting my recent round of public seminars, that many investors and would-be investors are feeling very unc{Boards & Beams - A Housewarming Gift}
One of the new release sets from Papertrey Ink is the Boards & Beams set. The set comes with two different types of houses (city & country) with lots of fun accessories to decorate the yard and landscape. It's the perfect set for hostess gifts, change of address announcements, and housewarming gifts. I chose to go with a housewarming gift for my project with this set. Odd as it may sound, I had a bottle of vino sitting around that I hadn't drank...I know, astonishing isn't it. lol WhenBlockbuster trades that will never happen…
I got to thinking during the long car ride home from the great state of Mehigan. Why wouldn’t the Brewers play for the playoffs this year? I know? They have Ned Yost. He does not make any sense. But that’s neither here nor there. I can make a proposal for C.C. Sabathia. I can make it so the Brewers don’t lose any of the Huntsville Eight. All it would take? A little bit of visionary thinking. Oh, and Prince Fielder. (Yes. I know. This is crazy. But dig the premise.) One, the Indians would Blunt Money has posted the Carnival
Blunt Money has posted the Carnival A big thank-you to Blunt Money for hosting this week’s Carnival of Debt Reduction! This week’s Carnival is a tribute to dear old Dad, fresh after Father’s Day. Of the nineteen posts accepted for inclusion this week, one that caught my eye was Get Out Of Debt’s posts on paying off your mortgage, fast. Mortgage debt is debt, too, and under most circumstances should be reduced faster than the minimum rate. Have a great week! Next week Squawk Fox hosts. [IMG This][IMG day][IMG really][IMG couldn’t][IMG get][IMG any][IMG better]
Monday, June 16, 2008 Familybits I signed the kids up for five weeks of day camp this summer–five weeks in a row, starting the Monday after the last day of school. What? It seemed like a good idea at the time. Of course, they wanted a break first. Of course, I now totally have the leeway to give it to them, as my organization is between grants. Of course, the cancellation fee for camp just about equals the tuition. So, I packed backpacks last night: swimsuits, towels, protective water sOil price shock - The chaos of capitalism
Price of petroleum is set in casinos of finance capitalism We have been hit by a tsunami of energy price rises. A flood of speculative activity in oil markets has produced a huge bubble that will inevitably collapse in coming months. By Lynn Walsh, Socialist Party Record prices for fuel have given a vicious twist to inflation, pushing up the cost of living for workers everywhere. Higher fuel costs are propelling the US, Britain and other economies ever closer to a severe recession. Why do Week Ahead - June 16 - 20
Below is a Consolidated Summary of Scheduled News Events that I am watching. for the "Week Ahead" Note: All times are listed in US Eastern Time Zone and there are other scheduled events that I may not have listed. Jerry's US News Watch for -June 16 - 20 Mon June 16 8:30 13:00 TICS Report Housing Market Index Tue June 17 8:30 8:30 8:30 8:55 9:15 10:00 Trade Balance - Current Account Housing Starts PPI Producer Price Index Red Book:Weekly Chain Store Sales Industrial Production State StTwo Reasons the Price of Crude Oil has Increased
What happened last week? Anything interesting? We spent the weekend painting windows and doors, fixing the roof. Less is more, we realized...in houses as in dessert. As a place to live, our house in France is a disaster. As an investment it is a catastrophe... But we'll have to wait until tomorrow to tell you about that... Back to the latest financial news... The Saudis announced that they would consider increasing the amount of oil they pump. They said they could increase production by 200,Al Gore Endorses Obama
You know, Barack Obama hasn't started working on endorsements from Congressional candidates in Alabama yet. He's still reeling in the monster endorsements like this one: The video picks up when Al Gore is admonishing the crowd for booing at a mention of John McCain. Here's a transcript: He has demonstrated bravery in war and as a prisoner of war and has served in the House of Representatives and the U.S. Senate for many years. Moreover he has demonstrated a willingneTranscript of Al Gore Speech Endorsing Barack Obama, June 16 2008
Below is my transcription of the speech by Al Gore in Detroit, Michigan on June 16, 2008, the speech in which he endorsed Barack Obama for President: Yes We Can! Thank You, Governor Granholm, for your introduction and your great leadership. Thank you, Michigan, for supporting me in 2000. I’ll never forget it. Congratulations, Detroit, on the Red Wings victory in the Stanley Cup finals. I speak to you this evening as a citizen as of the United States. I speak to you also as a citizen of the woThe suburbs are turning into the ghetto thanks to the subprime mortgage crisis and predatory lending, while young educated people are flocking into the cities.
The suburbs are turning into the ghetto thanks to the subprime mortgage crisis and predatory lending, while young educated people are flocking into the cities. 0.01 [Activity] + 0.36 [Recency] + 0.00 [Relevancy]= 0.37 My Schenley Answer
In re: this post from Monsieur Briem. The long term problem that exists for Schenley HS is summarized as follows: damned if you do, damned if you don't. The asbestos issues, as Chris points out, is there "whether you tear down Schenley or not." Indeed, there are a whole slew of people over at Air Quality Control at the Health Department that will be closely monitoring any repairs, remediations, or demolitions which occur at the site. This does not come cheap. Renovation of the building itselWhat's really missing in the public debate about American foreign policy?
I don't know if I'm breaking rules of etiquette by posting comments from another blog, but I thought this one, by Phillip, is so thoughtful and conveys such potent ideas that it deserves a wider reading. Some rules just need to be broken. Posted by: Phillip | March 30, 2008 at 12:08 PM What's really missing in the public debate about American foreign policy? I believe it's the absence of honesty, a reluctance to level with the American people regarding the direct consequences of our own behaviEurozone inflation at 16-year high, US economy still facing weakness
Eurozone inflation at 16-year high, US economy still facing weakness With all the anti-inflation talk from central banks, you will need eagle eyes to spot the true hawks. A look at underlying economic trends could help. The latest inflation figures for the euro area should at least boost the European Central Bank's near-term determination to raise rates. From Bloomberg yesterday: European inflation accelerated to the highest in 16 years last month as food and energy costs soared, intensifyMortgages
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