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News about Mortgages:
Congressional hopefuls discuss the economy - Montgomery AdvertiserCongressional hopefuls discuss the economyMontgomery Advertiser, AL - 5 hours agoMontgomery Mayor Bobby Bright, a Democrat, and state Rep. Jay Love, R-Montgomery, are competing for the open 2nd District seat, while incumbent US Rep. ...
New lender rules on 'buy-and-bail' to help, and hurt - San Diego Union TribuneNew lender rules on 'buy-and-bail' to help, and hurtSan Diego Union Tribune, United States - Oct 11, 2008By Roger Showley A crackdown by mortgage lenders on a fraudulent practice known as “buy-and-bail” could make it more difficult for law-abiding homeowners to ...
A big, painful step down - Philadelphia InquirerA big, painful step downPhiladelphia Inquirer, PA - 7 hours agoBy Annette John-Hall Melissa Montgomery is no economic expert, but if there's anyone who understands this mess we're in, she does. ...
FHA Will Take on Subprime Loans Shunned by Lenders (Update2) - BloombergABC NewsFHA Will Take on Subprime Loans Shunned by Lenders (Update2)Bloomberg - Oct 6, 2008... federalizing the mortgage market.'' ``Some want to dump bad loans on us, many that never should have been made in the first place,'' Montgomery said. ...Louisiana Business: GE, ProBono Gala, Mortgage Aid, Road Home, DEQ Bayou Buzzall 284 news articles
Rich sees promise in realty market - Clarksville Leaf ChronicleRich sees promise in realty marketClarksville Leaf Chronicle, TN - 4 hours agoBusiness TN (magazine) reported that the Clarksville-Montgomery County area was noted as the most promising real estate appreciation market in the country. ...
Attorney general hopefuls both say no to payday lenders - Hudson Hub-TimesThe Plain Dealer - cleveland.comAttorney general hopefuls both say no to payday lendersHudson Hub-Times, Ohio - 6 hours agoCordray and Crites joined former attorneys general Jim Petro and Betty Montgomery, both Republicans, during a press conference in Columbus solidifying their ...3 running in Ohio AG race forced by scandal Cincinnati.comall 36 news articles
Special deal for home buyers - phillyBurbs.comSpecial deal for home buyersphillyBurbs.com, PA - 3 hours agoOn Friday, more than 170 sellers listed with Coldwell Banker Hearthside, which has 12 offices in Bucks and eastern Montgomery counties, dropped the sale ...
Judge orders mortgage scammers to pay $5.4 million - Pioneer PressJudge orders mortgage scammers to pay $5.4 millionPioneer Press, MN - Oct 9, 2008... than $5.4 million to victims in what has been called the state's biggest mortgage fraud case. Under the plan set up by US District Judge Ann Montgomery, ...
Jacksonville Bancorp, Inc. Announces Quarterly Earnings - MarketWatchJacksonville Bancorp, Inc. Announces Quarterly EarningsMarketWatch - Oct 10, 2008Other income increased $229000 during the third quarter mostly due to increases of $69000 in net income from mortgage banking operations, ...
Bailout Bill: What's Next in Congress and on Wall Street - Washington PostBailout Bill: What's Next in Congress and on Wall StreetWashington Post, United States - Sep 30, 2008Lori Montgomery: This is the argument liberal Dems are making. Why give the money to banks and buy up their bad, mortgage-based assets? ...

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms |