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IN RE CLAYTON - Leagle.comIN RE CLAYTONLeagle.comPlaintiffs Lucille and Jimmy Clayton ("the Claytons") filed this adversary proceeding against Defendants Fifth Third, Old Kent Mortgage Company ("Old Kent") ...
Former loan originator convicted on 30 felony counts for mortgage fraud - Ethiopian ReviewFormer loan originator convicted on 30 felony counts for mortgage fraudEthiopian ReviewWilliam S. Poff, 37, of Marshall, Mich., was living in Washington state when he and four other individuals were involved in a mortgage fraud scheme that ...
Officials: Lenders must help stem foreclosures - Business GazetteOfficials: Lenders must help stem foreclosuresBusiness GazetteBaltimore city and the counties of Frederick, Charles, Calvert and Kent also had foreclosure rates above the state average. Garrett County had the lowest ...and more »
Anna Nicole Smith stripped off her Oil Fortune - Thaindian.comThaindian.comAnna Nicole Smith stripped off her Oil FortuneThaindian.comIt may not be the end of this scuffle as Kent Richland, Smith's lawyer vowed to take the battle further and appeal against the latest ruling, ...and more »
“Theology of the Hammer” Unites Diverse Faith Groups Building with Tulsa ... - Greater Tulsa Reporter Newspapers“Theology of the Hammer” Unites Diverse Faith Groups Building with Tulsa ...Greater Tulsa Reporter NewspapersThe dream of an interfaith home was initiated two years ago in a conversation between Tulsa Habitat Executive Director Paul Kent and Paul Staat, ...and more »
Former Washington Resident Convicted of Multiple Counts of Conspiracy, Bank ... - PR Newswire (press release)Former Washington Resident Convicted of Multiple Counts of Conspiracy, Bank ...PR Newswire (press release)Poff is one of five people arrested in June 2009, in connection with a mortgage fraud scheme that cheated banks and property sellers out of more than ...and more »
Work Faces - Fort Worth Star TelegramWork FacesFort Worth Star TelegramFrank Kent Motor Co. has announced the appointment of Bob Coté as a sales associate. The Tarrant County Restaurant Association, a chapter of the Texas ...
Trial begins for man accused of drowning stepdaughter in 2003 - Seattle TimesSeattle TimesTrial begins for man accused of drowning stepdaughter in 2003Seattle TimesAccording to charging documents, Kent firefighters were called to the Zellmer home on Dec. 3, 2003, and found Ashley unconscious and soaking wet on the ...and more »
The Growing Movement for Publicly Owned Banks - Common Dreams (press release)The Growing Movement for Publicly Owned BanksCommon Dreams (press release)... and working families in the state have had difficulty keeping up with credit card bills, college tuition prices and mortgage payments. ...and more »
Losing it all can happen quickly - Chatham Daily NewsLosing it all can happen quicklyChatham Daily NewsValerie Colasanti, director of OW in Chatham-Kent, said 16 per cent of the OW caseload in Chatham-Kent had employment earnings in 2009, despite tough ...
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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