BRENDA JARVIS, DIRECTOR OF LENDER RELATIONS FOR 1ST METROPOLITAN MORTGAGE SPEAKS ON THE ISSUES OF THE CURRENT MARKET.
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Thursday, August 16, 2007
P3-STATE OF THE INDUSTRY
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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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