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Bagehot And The Bankers - ForbesIt's Monday again, and in what has become a too-familiar weekend drill, major financial institutions-- Lehman Brothers and Merrill Lynch --failed to emerge in their last-Friday form. And Lehman's bankruptcy and Merrill's takeover have important ...
Nevada political roundup: Mortgage mess, more Sarah Palin (UPDATED) - Las Vegas SunWASHINGTON -- Here’s an interesting nuclear note. At the annual Conservative Leadership Conference being held later this week in Las Vegas, the Friday night cocktail reception is being sponsored by the Nuclear Energy Institute -- the leading ...
Real Estate - Anniston Star$7500 Tax Credit Yes, you can get an extra $7500.00!! We have 3 homes in the White Plains area that start at $128,900.00 and feature great room with a formal dining area, 3 bedrooms, 2 full baths, kitchen with stove, dishwasher, micro hood, breakfast ...

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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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