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News about Mortgages:
Big CMBS Loans Near Default; CMBX Soars, REITs Tank - Seeking AlphaBig CMBS Loans Near Default; CMBX Soars, REITs TankSeeking Alpha, NY - Nov 19, 2008Credit Suisse analysts reported that the Weston loan is split between two JPMorgan-led CMBS deals. JPMorgan Chase Commercial Mortgage Securities Trust ...
Wausau Robbery Victim Says He Was Not The Intended Target - WSAWWausau Robbery Victim Says He Was Not The Intended TargetWSAW, WI - 23 hours agoJason Duir grew up in the Weston area and says he has always felt safe until now. "After I realized I was hit and on the ground I was scared I was going to ...
Mortgage lenders to demand 20pc cash deposits - Irish IndependentMortgage lenders to demand 20pc cash depositsIrish Independent, Ireland - Nov 18, 2008By Charlie Weston Personal Finance Editor THE housing market suffered a new blow after it emerged last night that house buyers will have to come up with at ...
Mortgage cannibals rule - Irish IndependentIrish IndependentMortgage cannibals ruleIrish Independent, Ireland - Nov 18, 2008Savings will surprise you By Charlie Weston FANCY engaging in a bit of cannibalism? It is not as unpleasant as it sounds and it could save a mountain of ...
Jean Chatzky - Cleaning up your credit - Kankakee Daily JournalJean Chatzky - Cleaning up your creditKankakee Daily Journal, IL - Nov 12, 2008We used to save for our goals, believe it or not, and we're going to have to get back into that habit, says Weston. "Getting a mortgage these days without a ...
Business Digest - Providence JournalBusiness DigestProvidence Journal, RI - Nov 17, 2008The authority’s board has approved toll hikes of 75 cents at the Weston and Allston-Brighton tollbooths, where drivers currently pay $1.25. ...
Mortgage approvals slump to record low - Irish IndependentMortgage approvals slump to record lowIrish Independent, Ireland - Nov 17, 2008By Charlie Weston Personal Finance Editor ACTIVITY in the mortgage market has hit a record low, with 30000 fewer people taking out a homeloan in the first ...First-timers now borrow €10000 less than in 2007 Irish Independentall 2 news articles
Northland Community Calendar November 19-25 - Kansas City StarNorthland Community Calendar November 19-25Kansas City Star, MO - Nov 18, 200816. www.stonecroft.org (816-222-4493) WESTON HOMES THROUGH THE AGES: Friday and Saturday evening event tickets limited to 200 each night and included is ...
Paying the price for tax cuts in Broward County - Sun-Sentinel.comSun-Sentinel.comPaying the price for tax cuts in Broward CountySun-Sentinel.com, FL - Nov 15, 2008(Lou Toman, SunSentinel / November 6, 2008) Weston homeowner Tony Steinbuck fights fires for a living, but even he is incensed by the more than 50 percent ...
8 steps to reducing credit card debt - CreditCards.comCreditCards.com8 steps to reducing credit card debtCreditCards.com, TX - Nov 14, 2008Liz Weston, author of "Easy Money: How to Simplify Your Finances and Get What You Want out of Life," says tighter lending standards make it even more ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
View all Terms