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Mortgage loan basics Basic concepts and legal regulation. According to Anglo-American property law, a mortgage occurs when an owner (usually of a fee simple interest in realty) pledges his or her interest (right to the property) as security or collateral for a loan. Therefore, a mortgage is an encumbrance (limitation) on the right to the property just as an easement would be, but because most.
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WASHINGTON, Aug. 29, 2019 /PRNewswire/ — Fannie Mae (FNMA) is reminding those impacted by Hurricane Dorian of available mortgage assistance and disaster relief options. Under Fannie Mae’s.
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Mortgage Law: An OverviewA mortgage involves the transfer of an interest in land as [[wex:secured_transactions|security]] for a loan or other obligation. It is the.