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John Templeton's Plan for Surviving the Great Recession - Seekingalpha.comAlthough only a distracted hermit didn't realize this, it is now official that the US economy is in a recession. Even credit card companies are getting cautious about how high our credit lines are and they anticipate a terrible default rate on credit ...
Falling house prices helping some Whatcom County residents buy homes - Bellingham HeraldAs a global economic storm dominates financial headlines, some Whatcom County residents are still finding affordable ways to borrow money and buy homes as prices moderate. "People who were priced out of the market six months to a year ago are now ...
Mumbai Terrorism Clouds Templeton's 'Buy India' Call - Seekingalpha.comAs the Asian markets await full details on the plot behind Wednesday’s terrorism in India’s principal business city of Mumbai (aka Bombay), 5-year credit default swap spreads for 5-year government-owned State Bank of India widened to around 465 ...
Home prices are down, but mortgages are hard to land - HamptonRoads.comPeral Carrington wrote letter after letter to the mortgage lenders, maybe 20 in all, explaining why she wanted to buy a home, how she thought she could afford one, what caused her to be late on payments in the past. She said she had no idea the ...
Open-and-Shut Case for Closed-End Bond Funds - Barron's OnlineSOMETIMES, IT'S SAID the best place to find oil is on the New York Stock Exchange. Rather than explore and drill wells, oil companies can find proven reserves represented by the shares of their rivals traded on the Big Board. Some savvy bond ...
Mobius, Shiller, Osborne, Obama: Multimedia Highlights - BloombergNov. 27 (Bloomberg) -- Templeton Asset Management Ltd.'s Mark Mobius assesses the impact of the terrorist attacks in Mumbai on investor confidence in India; Yale University's Robert Shiller speaks about the credit crisis; Armstrong International's ...
Talking Sense: A new chapter in our economic history Financial woe ... - Eagle-TribuneTom Grella Sr. "A bull market begins on pessimism, grows on skepticism, matures on optimism, and dies on euphoria." — Sir John Templeton It is difficult, if not impossible, to witness the financial tsunami of these past months and not be frightened ...
Mobius leads return of fund managers to India - Business Standard“Domestic industries can build high profits and growth,’’ Mark Mobius, who manages more than $24 billion in emerging-market assets as executive chairman at San Mateo, California based Templeton Asset Management, said. He is buying Indian ...
Cheapest Gulf Stocks May Get Cheaper as Oil Retreats (Update1) - BloombergNov. 26 (Bloomberg) -- Stocks in Dubai , Abu Dhabi and Saudi Arabia that more than doubled the past four years are unraveling as lower oil and real-estate prices weaken economies in the biggest crude-producing region. The MSCI GCC Countries Index of ...
Will Obama Turn a Recession into a Depression? - NewsMax.comAs our government moves to spend trillions, taking the unprecedented step of nationalizing the country’s consumer debt, it shouldn’t be lost on us that this crisis didn’t need to happen. What could have been a mild recession isolated largely in ...
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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