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AP News Calendar - The Associated PressAP News CalendarThe Associated Press - 2 hours ago... Medal of Freedom to former Australian Prime Minister John Howard, former British Prime Minister Tony Blair and Colombian President Alvaro Uribe. ...
Stocks down as dismal jobs data raise fears - CTV.caStocks down as dismal jobs data raise fearsCTV.ca, Canada - 5 hours ago"Over 500000 is still a very, very ugly number particularly when you should be seeing some part-timers being put to work for Christmas," said Blair Falconer ...
Stock markets retreat as jobless numbers pile up in Canada and US - CBC.caStock markets retreat as jobless numbers pile up in Canada and USCBC.ca, Canada - 21 minutes agoAnd Canada Mortgage and Housing Corp. reported that housing starts during December were little changed from the previous month. ...
US-POLITICS Summary - Washington Post BlogsUS-POLITICS SummaryWashington Post Blogs, DC - 5 hours agoWASHINGTON (Reuters) - President-elect Barack Obama's economic team is working to overhaul the $700 billion financial rescue program to stem mortgage ...
COMMENT HODGEPODGE - ForexTV.comCOMMENT HODGEPODGEForexTV.com, NY - 8 hours agoThat doesn't include the latest purchases of mortgage bonds. The balance sheet could eventually climb toward $3 trillion once the Fed's new programs are ...
RAGBRAI, no ethanol plant, caucuses among top stories - Ogden ReporterRAGBRAI, no ethanol plant, caucuses among top storiesOgden Reporter, IA - Jan 7, 2009Ogden students Emily Maach and Ashley Blair had key roles in the musical Footloose, presented by Iowa Central Community College in Fort Dodge. ...
Alex Jones Was Right About Economic Collapse - Prison Planet.comAlex Jones Was Right About Economic CollapsePrison Planet.com - 3 hours agoMany are likely to lose their homes as rising home mortgage rates add hundreds of dollars to their monthly payments, he said. While most listened solemnly ...
IndyMac Bought for $13.9 Billion - A Fishy Deal If You Ask Me! - Real Estate News | BiggerPockets.comIndyMac Bought for $13.9 Billion - A Fishy Deal If You Ask Me!Real Estate News | BiggerPockets.com, CO - Jan 3, 2009Dune Capital Management, JC Flowers & Co., and Paulson & Co. spear headed the buy in search of a rehabilitated servicing portfolio Sheila Blair reworked ...
Media Digest 1/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg - 24/7 Wall St.Media Digest 1/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg24/7 Wall St., NY - Jan 8, 2009Reuters reports that Citigroup (C) and senators are in talks about mortgage legislation. Reuters writes that profits warnings and job cuts are signaling ...
Land Transactions - Clanton AdvertiserLand TransactionsClanton Advertiser, AL - Dec 27, 2008Federal Home Loan Mortgage Corporation to Buster G. Blair and Elizabeth G. Blair, land located in Section 8, Township 22, Range 13. ...
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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