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News about Mortgages:
Figure in mortgage fraud case pleads guilty - Boston Business JournalA North Andover, Mass., woman who was an unindicted co-conspirator in what the government alleges was an extensive mortgage fraud scheme pleaded guilty Tuesday in federal court to four counts of wire fraud. Elizabeth Son, 26, was a “straw” buyer ...
Local groups benefit from Emergency Assistance Fund - Abington MarinerThe Eos Foundation of Boston and Harwich Port, the Highland Street Foundation of Boston, the Fireman Foundation of Boston and an additional foundation donating anonymously have created a $1.1 million Emergency Assistance Fund. These funds will be ...
Students lie, cheat, steal, but say they’re good - Charles City Press In the past year, 30 percent of U.S. high school students have stolen from a store and 64 percent have cheated on a test, according to a new, large-scale survey suggesting that Americans are too apathetic about ethical standards. Educators reacting ...
Portsmouth, Dover eager for Thanksgiving tussle - Portsmouth HeraldThere was a clear-cut favorite when the teams played on Thanksgiving in 2006 and 2007, but picking the winner of today's high school football game between Dover and Portsmouth is harder than securing a home mortgage. Portsmouth's resume includes a 9 ...
U.S. students say they cheat - Dubuque Telegraph HeraldNEW YORK (AP) -- In the past year, 30 percent of U.S. high school students have stolen from a store and 64 percent have cheated on a test, according to a new, large-scale survey suggesting that Americans are too apathetic about ethical standards ...
Survey: Students Lie, Cheat, Steal, But Say They're Good - Christian PostNEW YORK – In the past year, 30 percent of U.S. high school students have stolen from a store and 64 percent have cheated on a test, according to a new, large-scale survey suggesting that Americans are too apathetic about ethical standards ...
As house prices fall, sales in Mass. rise - Boston GlobeFalling home prices are drawing out bargain hunters. New housing data show a healthy pickup in the number of single-family homes sold in recent weeks, while prices continue to drop. Home sales were up 14 percent in October, over the same period in ...
Study paints dismal portrait of high school students' ethics - Fort Worth Star-TelegramCowboys are far too fragile for Wade Phillips to push his luck In north Fort Worth, nighttime police chase ends in fiery crash Dallas Cowboys will face a tough four-pack of December foes Fort Worth man loses finger tip in a fight Trial scheduled to ...
Prices down, homes sales up in Massachusetts - Eagle-TribuneWhile the nation continues to reel from a fall-off in home prices and sales, local real estate agents are reporting a surge in buyer interest. During the summer and into September, an increasing number of people got into the real estate market ...
High school ethics fall short in survey - The Washington TimesIn the past year, 30 percent of U.S. high school students have stolen from a store and 64 percent have cheated on a test, according to a new, large-scale survey suggesting that Americans are too apathetic about ethical standards. Educators reacting ...
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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