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Credit crunch reduces number of mortgage products by 20pc - IndependentTHE credit crunch has resulted in a 20pc reduction in the number of mortgage products on offer to consumers, a rise of an average of 0.75 percentage points in tracker rates for new customers, and the withdrawal of most discount trackers. There has ...
Denver Residents Open Their Doors (and Couches and Floors) to ... - New York Times BlogsWith the Democratic National Convention rolling into town, Denver residents are taking up a long established New York tradition – subletting. And the profit potential is as high as the Mile High City itself. Organizers are expecting 50,000 ...
House price 'rip-offs' probed by watchdog - IndependentShare MORTGAGE brokers are being investigated over allegations that some of them colluded with estate agents to inflate property prices and rip off homebuyers. In an unprecedented move, the Financial Regulator is checking claims that brokers have ...
August 2008 - Posts - MSNBC FirstreadWILMINGTON, Del. -- The Joe Biden of stakeouts past -- the one who handed out bagels and willingly stopped for quick chats -- is gone. A man who seemed to relish the attention of the press during the first two days of the veep vigil is now all ...
Business First of Louisville Events - Business FirstCome help us recognize this group of up-and-coming leaders under the age of 40 who are on the leading edge in their occupations and who share their time and talents in community service. There is nothing more important than to identify and foster the ...
Denver's homeless get free haircuts to look good for Obama and his ... - Los Angeles Times BlogsLast month The Ticket wrote about officials in Denver, worried about the impression that 50,000 visitors to the Democratic National Convention would get next week, were planning to hide the estimated 4,000 homeless people who hang around the city's ...
Dem. Party Chairman Killed - Log Cabin DemocratBill Gwatney, chairman of the Arkansas Democratic Party, was fatally shot this morning at party headquarters in downtown Little Rock. Gwatney died of his injuries in a Little Rock hospital this afternoon. The shooter was pursued by police from ...
Nordic American Earnings - CNBCGeneral Electric (the parent company of CNBC) is one of the partners of the Olympic Games which begins Friday. GE International president an... Fugro CEO on Earnings, 'Favorable' Outlook Dutch engineering consultancy group Fugro beat expectations ...
People on the Move - Atlanta Business Chronicle• Randall-Paulson Architects named Shawn Sheehan project coordinator and Brian Petelle as designer. • Silverman CPM added Sandy Boyce as director of administration and finance. Marti Watts was named senior project manager. • HOK added Akiko ...
Soft US Real Estate Market and Weak US Dollar Means Great Potential ... - PRWebForeign buyers are taking advantage of the soft US real estate market and weak US dollar to snap up holiday homes and investment properties in some of America’s premier resort areas, including Florida and New Hampshire’s White Mountains. NORTH ...

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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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