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Global markets extend rally - CNN MoneyLONDON (CNNMoney.com) -- European and Asian stocks rose Thursday, lifted by another rally on Wall Street. India closed its markets after gunmen carried out brazen attacks across Mumbai, the country's financial capital. More than 100 people are dead ...
Towards lasting peace in the Asia-Pacific - Philippine Star OnlineIn the latest business news, we read of countries going under recession one after another after the subprime mortgage problem hit the United States and continues to cascade into a widening global financial crisis. European economies were first ...
Richard Hanson, Grafton, N.D., letter: Oil’s siren song lures us to ... - Grand Forks HeraldGRAFTON, N.D. — Brother, can you spare a dime? These words from the Great Depression sound distressingly contemporary. We’re in trouble because Congress overturned the Banking Act of 1933, a law that had restricted risky lending by commercial ...
Credit default swaps ushered in global financial crisis - Post-TribunePrevious stories in the series can be found online at www.post-trib.com. Today’s story focuses on credit default swaps and mortgage-backed securities. What they are Credit default swaps made their debut in financial markets in 1995. They are like ...
Site Presented By - SalonIt would be tempting to blame Ben Bernanke's bleak assessment of the current economic situation in a speech in Austin, Texas on Monday for yet another debilitating market swoon -- the Dow closed down 679.95 points -- but it would also be unfair, even ...
GOP fix begins by tuning out radio squawk - Lowell SunHow can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for Congressional Republicans to actually try to help President-elect Barack Obama ...
Fire Rush Limbaugh - Pottstown MercuryNo comments posted. How can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for Congressional Republicans to actually try to help President ...
Kondracke: First step to GOP recovery: Fire Rush Limbaugh - MetroWest Daily NewsHow can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for Congressional Republicans to actually try to help President-elect Barack Obama ...
First step to GOP recovery: Fire Rush Limbaugh - Daily NewsHow can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for Congressional Republicans to actually try to help President-elect Barack Obama ...
Citibank: Too Big to Fail? - Seekingalpha.comIt's easy to believe that Citibank is a tottering tower whose collapse would endanger us all in the canyons below. However, keeping a financial corpse walking further endangers every other financial institution. When Citi is declared too big to fail ...
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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