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Dow rallies after Fed move to lend to businesses - Newark Star-LedgerWall Street rose moderately early today, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help unclog the credit markets. The markets showed some signs of easing. Investors, many ...
A new, more powerful Fed emerges in crisis - MSNBCWASHINGTON - Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them. Now the nation's central bank is even becoming a source ...
Fed assumes powerful new role in financial crisis - International Herald TribuneWASHINGTON : Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them. Now the nation's central bank is even becoming a source ...
Palin stretches truth in campaign speeches - MLive.comJACKSONVILLE, Fla. - Republican vice presidential candidate Sarah Palin tells audiences the election is about the "truthfulness and judgment" needed to be president. But the Alaska governor often stretches the truth herself. She has exaggerated the ...
Ayers Controversy Plagues Obama - NewsMax.comOnce again controversy rears its ugly head for Barack Obama, and once again Sen. Obama has claimed ignorance as his defense. According to Obama's top political adviser David Axlerod, Obama "didn't know the history" of his close friend and trusted ...
Another FDR? Not Quite - Huffingtonpost.comOn September 24, Michael Gerson discussed President Bush's response to the financial crisis and said that he and Treasury Secretary Henry M. Paulson Jr. had "assumed the mantle of Franklin D. Roosevelt." Praising the president for merely attempting ...
Alistair Darling poised to annouce bank rescue package - Times OnlineChancellor Alistair Darling is to announce a comprehensive rescue package for the embattled banks tomorrow. Following talks tonight with Bank of England Governor Mervyn King and Financial Services Authority chairman Lord Turner, Mr Darling said he ...
Franklin Bank Corp. Announces Anticipation Date for Filing 2007 Annual ... - MSN MoneyCentralHOUSTON, Sept. 11, 2008 (GLOBE NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P.LF) ("Franklin") anticipates filing its Annual Report on Form 10-K for the year ended December 31, 2007 (the "Form 10-K") and its Quarterly Report on Form 10-Q ...
Fact Checker - Washington Post"Obama has no background in economics. Who advises him? The Post says it's Franklin Raines , for 'advice on mortgage and housing policy.' Shocking. Under Raines, Fannie Mae committed 'extensive financial fraud.' Raines made millions. Fannie Mae ...
Countrywide, Franklin Savings Security Breach - WCPODisturbing news about two more security breaches.... that have resulted in many Tri Staters receiving a worrisome letter in the mail. Letters are going out to customers of Franklin Savings and Loan, one of Cincinnati's oldest banks. A similar letter ...

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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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