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Congress opens hearings on financial meltdown - Seattle TimesOur voter's guide helps you make smarter choices by letting you compare candidates side by side. Enter your address to create a customized ballot. All information is private. Three days after providing a $700 billion bailout for Wall Street, Congress ...
Roetzel & Andress Forms Multi-Disciplinary Financial Crisis Advisory ... - MSN MoneyCentralAKRON, Ohio , Oct. 6 /PRNewswire/ -- Roetzel & Andress announces the formation of a Financial Crisis Advisory Group to advise clients of the impact of the Emergency Economic Stabilization Act of 2008 (EESA), which was signed by President Bush on ...
Expert: Boston study at root of housing crisis - Boston HeraldA ngry taxpayers and politicians looking for someone to blame for the current economic crisis may have no further to look than the Boston Federal Reserve Bank, according to a top academic. The stunning rise in U.S. home foreclosures, which is a root ...
Beyond Uncle Sam’s Big Bailout - US News and World ReportHere’s a can’t-miss moneymaking idea, no charge. Quickly surf over to CafePress.com, the mecca for design-it-yourselfers, and create a customized T-shirt emblazoned with this soon-to-be lament of your fellow Americans everywhere: “I just paid a ...
Australia May Cut Rate by Half-Point for First Time Since 2001 - BloombergOct. 7 (Bloomberg) -- Australia's central bank will probably cut its benchmark interest rate by a half point, the biggest reduction in more than seven years, to cushion the nation's economy against fallout from slowing global growth. Governor Glenn ...
Once 3 pages, bailout bill now length of novel - Washington Post-- Two Saturdays ago, it totaled just three pages _ the White House's request for $700 billion to rescue tottering financial institutions by buying their devalued mortgage-related assets. After an intense weekend of negotiations, the draft of the ...
BNP has edge in next wave of consolidation - Financial TimesBNP Paribas did not escape Monday’s broad sell-off of European banking shares. And this in spite of its opportunistic weekend swoop on the Belgian and Luxemburg assets of Fortis, transforming the French bank overnight into the eurozone’s biggest ...
Frank's fingerprints are all over the financial fiasco - Boston Globe'THE PRIVATE SECTOR got us into this mess. The government has to get us out of it." That's Barney Frank's story, and he's sticking to it. As the Massachusetts Democrat has explained it in recent days , the current financial crisis is the spawn of the ...
Bailout with 'sweeteners' heads toward Senate win - San Francisco GateAfter one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, speeding toward passage in the Senate and gaining ground in the House where conservative opposition seemed to soften. Senators loaded the ...
Bailout passes Senate, House foes soften - San Francisco GateAfter one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened. Senators loaded the economic ...

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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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