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News about Mortgages:
Ranieri quits as Franklin Bank CEO, stays chairman - ReutersNEW YORK, Aug 28 (Reuters) - Mortgage bond pioneer Lewis Ranieri said he is resigning as interim chief executive of Franklin Bank Corp (FBTX.O: Quote , Profile , Research , Stock Buzz ) but will remain chairman, allowing him to focus on raising ...
Franklin Bank Corp. Appoints Alan E. Master Chief Executive Officer - MSN MoneyCentralHOUSTON, Aug. 28, 2008 (GLOBE NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P.LF) ("Franklin") announced that Alan E. Master, President and a director of Franklin, has been appointed Chief Executive Officer of Franklin. Mr. Master has been ...
Foreclosures Hitting Hard in Indianapolis - WIBC.comIndianapolis ranks 9th on the list of cities hardest hit by foreclosures. One man is facing a sheriff's sale of the house where he grew up. Both of Charles Franklin's parents had medical issues before they passed away. Charles took out a mortgage on ...
Fannie Rises for Sixth Day as Mudd Replaces Deputies (Update3) - BloombergAug. 28 (Bloomberg) -- Fannie Mae rose for a sixth day in New York trading, the longest streak since May 2007, after Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence. Chief Financial Officer ...
Fannie Mae Rises for Sixth Day After Mudd Shakes Up Management - BloombergAug. 28 (Bloomberg) -- Fannie Mae rose for a sixth day in New York trading, the longest streak since May 2007, after Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence. Chief Financial Officer ...
Mortgage finance firm Fannie Mae shakes up executive ranks as shares ... - Baltimore SunWASHINGTON (AP) _ Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...
Fannie Mae unveils management shakeup - MSNBCWASHINGTON - Fannie Mae, the biggest U.S. mortgage finance company, on Wednesday announced a shake-up of top executives, including the exit of its chief financial officer, in an effort to better implement a plan to preserve capital and cut losses ...
Police Blotter - Salina JournalCIVIL JUDGMENTS -- Court grants Red Rock Lake Financial payment of more than $17,900 from Dale A. Sparks for credit card debt. n Court sets aside judgment against Charles B. Betterley and Lori M. Betterley on a mortgage foreclosure at request of ...
Fannie Mae shakes up 3 top executive posts - Baltimore SunWASHINGTON - Mortgage finance giant Fannie Mae shook up its executive ranks yesterday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...
Fannie Mae shakes up management team - Washington PostWASHINGTON -- Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...

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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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