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News about Mortgages:
Mortgage-fraud reports are up - Philadelphia InquirerMortgage-fraud reports are upPhiladelphia Inquirer, PA - 1 hour agoA study released this week by the Mortgage Asset Research Institute Inc., of Reston, Va., showed that areas already affected by high rates of foreclosure ...
Mortgage Fraud Reports Jump 42% - Originator TimesMortgage Fraud Reports Jump 42%Originator Times - 14 hours agoRESTON, VA - Reported incidents of mortgage fraud in the US increased by 42 percent in the first quarter of 2008 from a year ago, according to a new report ...
Searching for A Hot Investment? Try Your Mortgage. - Washington PostSearching for A Hot Investment? Try Your Mortgage.Washington Post, United States - Aug 16, 2008Marjorie Fox, a lawyer and certified financial planner in Reston, said that recently, more of her clients have been expressing an interest in paying off the ...
A Quick Study of Buying at Sallie Mae - Barron'sA Quick Study of Buying at Sallie MaeBarron's - 11 hours agoSallie Mae suffered as credit fears from the subprime-mortgage fallout spread to other lenders. Shares of the Reston, Va.-based company have tumbled 29.3% ...
Washington Post Real Estate editor and columnist - Washington PostWashington Post Real Estate editor and columnistWashington Post, United States - Aug 22, 2008... area are flagged by one or another player in the mortgage biz. (The PMI companies in particular are being pretty aggressive about this.) Reston, Va. ...
Millennium Bankshares Reports Second Quarter and Six-Month Results - FOXBusinessMillennium Bankshares Reports Second Quarter and Six-Month ResultsFOXBusiness - Aug 20, 2008RESTON, Va., Aug 19, 2008 (BUSINESS WIRE) ----Millennium Bankshares Corporation (Nasdaq:MBVA) today announced a loss for the second quarter of $2155000, ...
ChoicePoint®'s MARI Introduces Enhanced Mortgage Fraud Tool: MARI ... - PR-USA.net (press release)ChoicePoint®'s MARI Introduces Enhanced Mortgage Fraud Tool: MARI ...PR-USA.net (press release), Bulgaria - Aug 5, 2008Reston, VA (PRWEB) August 4, 2008 -- The Mortgage Asset Research Institute (MARI), a ChoicePoint (NYSE: CPS) company, today announced the release of the ...
Sallie Mae to issue $20 billion in loans - Minneapolis Star TribuneCEP NewsSallie Mae to issue $20 billion in loansMinneapolis Star Tribune, MN - Aug 20, 2008The practices stopped last August, the Reston, Va.-based company said in a filing Wednesday with the Securities and Exchange Commission. ...Sallie Mae shares fall 16 percent Forbesall 38 news articles
NVR's profit down 43 percent in Q2 - ForbesNVR's profit down 43 percent in Q2Forbes, NY - Jul 22, 2008Revenue of Reston, Va.-based NVR fell 27 percent in the second quarter, to $955.7 million from $1.3 billion a year earlier. New homebuilding orders dropped ...Earnings drop at NVR Bizjournals.comNVR Reports $51.3 Million in Net Income for 2Q Builder Magazineall 22 news articles
Oil Prices Fuel Teleworking Initiatives - Leesburg TodayOil Prices Fuel Teleworking InitiativesLeesburg Today, VA - Aug 12, 2008You can hear the stress and frustration in the voice of Melissa Beard, assistant controller for Reston Limousine, as she recalls her early morning commute ...
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