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[sharechat] contributory mortgage


From: "Harry Jones" <h.jones@cowan.edu.au>
Date: Tue, 30 Apr 2002 08:40:08 +0800


Marilyn Munroe says contributory mortgages are an alternative investment to 
shares etc.
Can any one tell me what they are. My commercial dictionary says:

"contributory mortgage" means a mortgage other than a direct mortgage and is 
also known as a nominee mortgage.

Most helpful! What mortgage other than a direct one is there?  What are these 
beasts and who uses them?
Harry Jones


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