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America's 25 Strongest Housing Markets - ForbesThe housing boom passed right over Little Rock, Ark. So has the bust. This quiet mountain metropolis of just over 675,000 saw none of the wild speculation of former boomtowns like Las Vegas or Miami, nor the ruined fortunes that followed. Of course ...
Applications soar as 30-year mortgage falls - Rocky Mountain NewsRates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring to a five-year high. With the Federal Reserve on the verge of pouring hundreds of billions of ...
TRANSCRIPT: Senate President Peter Groff's address to legislators - Rocky Mountain NewsMister Majority Leader, Mister Minority Leader, Senate colleagues, distinguished guests, friends and my family. Let me begin by thanking the Senate for my election as president of the Colorado Senate for the 67th General Assembly. It has been an ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Michaelson : The book begins in a room called the Vault. Countrywide headquarters used the be the headquarters for Lockheed during the Cold War ...
World markets kick off 2009 brightly - Saudi GazetteNEW YORK/LONDON – Global stocks skyrocketed on Friday in the first trading day of 2009 amid investor hopes for a brighter year ahead after a horrendous 2008 that hacked down stock markets around the world. “Hope for much better returns in 2009 ...
As Home Prices Drop, Some Buyers See Opportunity - Flathead BeaconA slowing economy and the troubles plaguing the national housing market have potential buyers in the Flathead Valley tip-toeing around home and building investments at a time local professionals say they should be jumping in. “In terms of times to ...
Drastic times, drastic measures: home is the office - KSDKKUSA - It's a somewhat quiet day at the office. A football game is on and Norma Arcus is watching out of the corner of her eye, as she is filing away. There is a lot to do even on a Sunday. Norma's husband Michael calls from the office down the hall ...
The Great Depression Pt. III - Huffingtonpost.comIn Part I of this series, New Deal Democrat and I looked at the years 1929 - 1933. These years saw a decline of 25% in the chained GDP figures; a failure of 20% of commercial banks, a drop in personal income from $90 billion to $50 billion and a drop ...
Will Obama help or hurt investors? - Asbury Park PressManaging your financial affairs in this season of political transition is like being in a poker game when a stranger shows up. It's hard to know how to play a hand until you get a sense of the new guy's strategy. President-elect Barack Obama is now ...
Several developments were brought to fruition - Pahrump Valley TimesThe Home Depot store, a 130,000-square-foot big box store opened Aug. 14 on Highway 160 and Basin Avenue, is the most obvious sign of growth in Pahrump. The project was estimated to create 130 jobs during groundbreaking ceremonies in October 2007 ...
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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