His comments on housing and the Federal Reserve.
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Thursday, April 19, 2007
Bill Gross on CNBC 2007-04-18 9:00 a.m.
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A mortgage is a method of using property (real or personal) as security for the payment of a debt. The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
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