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Top 5: PDC gets OK to send Pearl $ east - The Oregonian - OregonLive.comThe Oregonian - OregonLive.comTop 5: PDC gets OK to send Pearl $ eastThe Oregonian - OregonLive.com, OR - Jan 6, 2009Stimulus package may include "cram-downs": The cram-downs would allow judges to reduce mortgage debt on primary homes as part of a borrowers debt ...
Moving a moving Long Island economy - NewsdayMoving a moving Long Island economyNewsday, NY - Jan 4, 2009BY PEARL M. KAMER | Pearl M. Kamer is chief economist at the Long Island Association, a business organization. She also serves as an economic adviser to the ...
Guest Commentary: 2008 -- Year of the Bailout - NJ.comGuest Commentary: 2008 -- Year of the BailoutNJ.com, NJ - 23 hours agoThroughout this crisis, we were told by leaders of both parties that government had to "do something" or else we would face an "economic Pearl Harbor. ...
Escrow makes construction loans easier - ZawyaEscrow makes construction loans easierZawya, United Arab Emirates - 13 hours agoAccording to Cabading, about 80 per cent of the Kahraman and Pearl towers have been sold, while the company has started selling the Emerald tower. ...
Walter Industries, Inc. Announces Closure of Jim Walter Homes - PR Newswire (press release)Walter Industries, Inc. Announces Closure of Jim Walter HomesPR Newswire (press release), NY - Jan 6, 2009As a result of the success of Jim Walter Homes, Jim Walter was able to build a Fortune 500 conglomerate with businesses as diverse as mortgage financing, ...
New businesses - Providence JournalNew businessesProvidence Journal, RI - 18 hours agoTo promote fellowship between Baptist churches in RI Cambridge Mortgage Group LLC: A: Timothy Chapman, 670 Willett Ave., Riverside 02915. ...
Martial Law, the Financial Bailout, and War - Center for Research on GlobalizationCenter for Research on GlobalizationMartial Law, the Financial Bailout, and WarCenter for Research on Globalization, Canada - 8 hours ago“The process of transformation,” the document admitted, “is likely to be a long one, absent some catastrophic and catalyzing event—like a new Pearl Harbor . ...
Scholars unflinching in negative assessment of Bush's legacy - Detroit Free PressScholars unflinching in negative assessment of Bush's legacyDetroit Free Press, United States - Jan 4, 2009"Obama gets Pearl Harbor and the Depression all rolled into one," said Gleaves Whitney, the director of the Hauenstein Center for Presidential Studies in ...
Lending crunch adds to LI's economic troubles - NewsdayLending crunch adds to LI's economic troublesNewsday, NY - Dec 21, 2008"Lenders got burned and they may for the foreseeable future be extra careful in lending and they may become too cautious," said Pearl Kamer, chief economist ...
Strategists See 17% S&P 500 Rise After Saying ‘Buy’ - BloombergStrategists See 17% S&P 500 Rise After Saying ‘Buy’Bloomberg - Jan 5, 2009Bianco predicted 12 months ago that the S&P 500 would climb 16 percent in 2008, and stayed bullish after the subprime mortgage meltdown spurred the collapse ...
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.
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