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Suburban Cleveland school district wants a slice of federal bailout ... - Los Angeles TimesCLEVELAND (AP) _ A financially ailing Ohio school district has joined the ranks of banks and automakers clamoring for a portion of the $700 billion economic bailout package. Olmsted Falls Superintendent Todd Hoadley said Tuesday that if automakers ...
Some strapped metro Atlanta homeowners get break - Atlanta Journal ConstitutionTim Collins finds himself living a national crisis. First he lost his job when his company moved. Then he fell behind in his mortgage and faced foreclosure. Now, he’s rebuilding his finances thanks to a last-minute deal with his mortgage company to ...
Alpharetta lawyer gets prison time for mortgage fraud - Atlanta Business ChronicleAlpharetta, Ga., closing attorney Mary Reagan was sentenced late Tuesday to nearly five years in prison for her role in a multi-million dollar mortgage fraud scheme. She also was also ordered to pay full restitution of more than $4 million. Reagan ...
Everymove.com Offers Home Moving Market Advertising Opportunities ... - dBusinessNews.comGH&I’s Chief Learning Officer Poised to Assume ASTD Leadership Position Jo Ann Cory is President-Elect of Atlanta Chapter of American ... The Mint Tulip De-Stresses Holiday Gift Giving with Click of a Mouse The Mint Tulip De-Stresses Holiday Gift ...
Post Properties Announces Reduced Quarterly Dividend, Departure of ... - EarthtimesATLANTA - (Business Wire) Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced that its Board of Directors has reduced the quarterly dividend rate on its common stock to $0.20 per share for the fourth ...
Report: Bond investors sue Countrywide - Atlanta Business ChronicleA group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. According to Reuters, the investors have sued Countrywide, saying the company doesn’t plan to ...
Beazer Homes 4Q loss balloons as revenue plunges - The StateATLANTA -- Struggling homebuilder Beazer Homes USA Inc. said Tuesday its fiscal fourth-quarter loss more than tripled, and the chief executive told Wall Street he expects losses will likely continue through 2009. Beazer CEO Ian J. McCarthy told ...
Beazer Homes reports $474 million loss in third quarter - Atlanta Journal ConstitutionStruggling homebuilder Beazer Homes USA Inc. said Tuesday its fiscal fourth-quarter loss more than tripled, and the chief executive told Wall Street he expects losses will likely continue through 2009. Ian J. McCarthy, CEO of Atlanta-based Beazer ...
Beazer Shares Drop on Report of Eighth Straight Loss (Update1) - BloombergDec. 2 (Bloomberg) -- Beazer Homes USA Inc. , the U.S. homebuilder under investigation by the Justice Department, fell 8 percent in New York trading after the company reported a loss five times larger than analysts had projected. The fiscal fourth ...
Latest News - dBusinessNews.comKilpatrick Stockton Receives Top Honors at 2008 World Leaders International Intellectual Property Awards ATLANTA -- Kilpatrick Stockton announced today that it was recognized ... Selling Source Creates New Consumer Acquisition Group Taps Gary Fisher ...
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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