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Borough considers moratorium on new flood zone development - Kenai Peninsula ClarionThe Kenai Peninsula Borough is considering suspending approval of any new subdivision plats in the Seward-Bear Creek Flood Service Area for a year while new regulations are written. An ordinance taking that step is set for introduction at the ...
Living next-door to emptiness in the burbs - St. Petersburg TimesAngie Harris, 36, takes her children Tamiah, 4, left, and Allure, 2, on a recent outing through her Tanglewood Preserve neighborhood in Gibsonton. Harris has few neighbors. GIBSONTON — She knew it would be awhile before they had next-door neighbors ...
Yellowstone Club In Desperate Straits, Court Papers Say - Newwest.netThe road has been a rocky one for the Yellowstone Club. File photo by David Nolt. The Yellowstone Club near Bozeman teeters on the brink of closure and lacks the cash to make payroll for 521 employees for the next three weeks, if a Montana bankruptcy ...
Matter of Record, November 17 - Wichita Falls Times Record NewsJo Nash vs. Kelly Wilson, 2131 Ave. F, $200,000.00, V3305 P885. Gary Writtenhouse vs. Jeff Prine, 1511 Nunneley Pl., #5, $1,248.37, V3306 P576. Workman, Tammy Michele, Wichita County, Chapter 7, Date Filed Oct. 29, Case No. 08-70448. Frazier, Phillip ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including a local lawmaker’s comments on the death of Pennsylvania Lieutenant Governor Catherine Baker Knoll, a Veterans’ Day ceremony in Reading City Park, security is increased at Reading High School ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Real-Time News - Newark Star-Ledger• New York Jets vs. New England Patriots • New York Jets vs. New England Patriots • New York Jets vs. New England Patriots Gov. Jon Corzine today endorsed Hillary Clinton for secretary of state under President-elect Barack Obama and did nothing ...
Schwarzenegger Discusses Deficit, Mortgage Relief - KXTV News10NetSACRAMENTO, CA - A meeting late Monday afternoon between Gov. Schwarzenegger and legislative leaders over the state budget emergency apparently didn't bring much progress. Schwarzenegger wants lawmakers to immediately approve a combination of ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Exclusive Reports - Business CourierCincinnati businesses brace for labor change Increase in medical deductible? Get used to it Some small businesses worry about likely reform, but many see Obama election as opportunity Cash America closing 43 sites Hobsons moves HQ to Cincinnati ...
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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