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No more bailouts, America - Lowell SunWho will be next to ask for a bailout? The airlines again, the entertainment business, retail stores, hotels and motels or the supermarkets? I recently read an article in which the individual said, "Various government leaders, corporate titans and ...
GOP fix begins by tuning out radio squawk - Lowell SunHow can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for Congressional Republicans to actually try to help President-elect Barack Obama ...
Veteran judge nominated for SJC - Boston GlobeGovernor Deval Patrick today nominated Superior Court Judge Ralph Gants to be an associate justice of the Supreme Judicial Court. "Judge Gants brings a powerful combination of strong intellect and real world understanding. He has been a thoughtful ...
Veteran judge in line for SJC - Boston GlobeGovernor Deval Patrick today is expected to nominate Superior Court Judge Ralph Gants as an associate justice of the Supreme Judicial Court, according to an official briefed on the nomination. Gants, 54, of Lexington, would fill the seat left vacant ...
Pirates Lose to Devils 5-1 - OurSports CentralPortland, ME - The Pirates suffered their fifth straight loss by a score of 5-1 to the Lowell Devils. Lowell came out with all the jump in the first period and grabbed a 3-0 lead, leaving Portland trying to fight back throughout the game. The Devils ...
Tough times for small banks - Pioneer PressAs the global financial meltdown took hold in the third quarter, smaller metro-area banks did not escape unscathed. About a third of the 118 community banks based in the Twin Cities lost money. Combined, this group of banks — not including large ...
1 in 7 Mexican workers migrates -- most send money home - San Francisco GateRoughly 10 percent of Mexico's population of about 107 million is now living in the United States, estimates show. About 15 percent of Mexico's labor force is working in the United States. One in every 7 Mexican workers migrates to the United States ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The absurdist drama “The Bailout,” now playing under the Capitol Rotunda, is perversely reassuring. It has reinforced my long-held belief ...
Pirates Lose to Monarchs, 3-1 - OurSports CentralBuy sports tickets at CTC! Find cheap MLB baseball tickets , NFL football tickets , NBA basketball tickets , PGA golf tickets , NASCAR Race tickets , college sports tickets , concert tickets and theater tickets . Buy NFL Tickets , MLB Tickets , NBA ...
Show your support. - Huffingtonpost.comMost Recent News: Brad Whitford and Richard Schiff corroborate my post in Friday's New York Times piece by Elisabeth Bumiller. Second Update: McCain and Me: Hero Worship Dies Hard (But When It Does...) Update: Through a spokesperson with the colorful ...
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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