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Obama Fails to Adjust Mortgages, Canadian Funding Corp Avows

Canadian Funding Corp, Moishe Alexander – July 28 – Barack Obama’s effort to reduce foreclosures by decreasing mortgage payments of borrowers before they fall behind is failing to help as expected. Some homeowners are being told they must be behind on their payments to receive help, which runs awry relative to the aim of the [...]

Mortgage Tutorial, part III, Canadian Funding Corp Innovations : Legal Aspects of Mortgages

Canadian Funding Corp Innovations returns to the topic of mortgage, in this case, a summary of the legal aspects of mortgage.
Mortgages may be equitable or legal. A mortgage may take one of a number of forms, the existence of such which will depend on the jurisdiction under which the mortgage is made. Common law jurisdictions [...]

A Borrower or Lender You Shall Be – Canadian Funding Corp Innovations

Canadian Funding Corp Innovations continues on the topic of mortgages. In the last Canadian Funding Corp mortgage post the focus was on a brief history of mortgages. This post will be a quick tutorial on the parties to a mortgage.
Lender
Mortgagee is a party to whom property is mortgaged, usually a lender. Mortgage provides security to [...]