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Hip bachelor bets on Detroit Garden Court condominium - Detroit NewsRyan South, 25, looked at about 150 houses for sale on Metro Detroit's eastside before he realized what he really coveted. "I grew up in Grosse Pointe, and Jefferson Avenue was always my main drag," says South, director of mortgage banking for ...
Bankruptcies & Foreclosures - The LedgerThe following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...
Odds And Ends - New York Daily NewsCitigroup is cutting jobs, and AG Andrew Cuomo wants its execs to forgo bonuses . Barack Obama will have $350 billion worth of bailout money to spend. Obama and John McCain issued a joint statement in which they pledged to work together. The DN's own ...
October 2008 - New York Daily NewsRIP Studs Terkel . (Man, is that a bummer). John McCain is sure he and Sarah Palin will "fool the pundits one more time." McCain called Obama, Harry Reid and Nancy Pelosi "the tax trifecta from hell." An RNC Web ad portrayed the three Democrats as ...
'Gang of Three' wants referendum on gay marriage - Sun and PressALBANY -- An independent group of Democratic senators today recommended the state hold a voter referendum on gay marriage, and they may base their support for the next Senate majority leader on the issue. The three senators from New York City, part ...
Lew Fidler - New York Observer"You're trying to have it both ways," said Citizens Union executive director Dick Dadey to Councilman Councilman David Yassky. read more » The second set of testimony on term limits today included Comptroller Bill Thompson, who yesterday said he ...
Election may decide tax code winners, losers - Cincinnati.comBoth presidential candidates promise tax cuts for the middle class. Yet under the tax proposals of Democrat Barack Obama and Republican John McCain, defining "middle class" becomes tricky. For example, someone making about $67,000 a year would see a ...
Taxes a focus for many voters - Cincinnati.comBoth presidential candidates promise tax cuts for the middle class. Yet under the tax proposals of both Democrat Barack Obama and Republican John McCain, defining “middle class” becomes tricky. For example, someone making about $67,000 a year ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaI have to take medication for a chronic illness that I have, and instead of taking them everyday, I now take them every other day because health care cost is so high and I have to make them last so I can have more money to buy gas and food! Kelly ...
Radio & TV Talk - AccessAtlantaAll the entries posted in February. ABOVE: Cadillac will remain. Kristen, who was with him as the Kicks morning team for two years, is out. ABOVE: Rhubarb Jones is out after 22-plus years. Dallas McCade survives, though she might end up at Kicks. I ...
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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