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State news agency says 11 girls die of carbon monoxide poisoning at a ... - Newsday
BEIJING (AP) _ A Chinese state news agency says that 11 girls have died of carbon monoxide poisoning at a school in northern China's Shaanxi province after trying to make a fire to heat their room. The Xinhua News Agency said Tuesday the 11 students ...

Walker scores 30 as No. 3 Cal routs Texas Tech - FOX News
ST. THOMAS, U.S. Virgin Islands — Ashley Walker scored 30 points to help No. 3 California rout Texas Tech on Friday night at the Paradise Jam tournament. Cal (5-0) has won its first five games for only the second time in school history. Texas Tech ...

Mortgage rates dropping - Herald Tribune
The government's $800 billion attempt to resuscitate credit and housing markets is being felt in Southwest Florida -- especially in mortgage rates. On Monday, rates on a 30-year, fixed-rate loan were hovering as low as 5.38 percent. Brokers expect ...

Deeds Sept 21st thru 30th 2008 - Cecil Whig
Bertha J. Sager, Trustee, to Barbara S. Dean, George Street, Chesapeake City, $0, September 29. Bertha J. Sager, Trustee, to Barbara S. Dean, 43 Basil Avenue, Chesapeake City, $0, September 29. Jan A. Banker to Jan A. Banker and Fay Walker, 721 Bell ...

Geithner Seeks to Push FDIC’s Bair Out After Clashes (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Timothy Geithner , President-elect Barack Obama ’s choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office. Geithner, president of the Federal Reserve Bank of ...

INSTANT VIEW 4-UK mortgage approvals match series low in Oct - FXStreet.com
LONDON, Dec 1 (Reuters) - British mortgage approvals for house purchase fell in October to match August's reading of 32,000, the lowest since the series began almost a decade ago, the Bank of England said on Monday. Mortgage lending was also much ...

Geithner May Seek to Push Bair Out After Clashes During Crisis - Daily Business Review
imothy Geithner, President-elect Barack Obama’s choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office. Geithner, president of the Federal Reserve Bank of New York, has argued Bair ...

Easy Credit Isn't So Easy Anymore - Washington Examiner
Detroit's Big Three automakers are back in town today, hat in hand, begging for $25 billion or more in government aid. And that reminds me of a reality that may shock a lot of very smart and sophisticated people in places like Washington, D.C., New ...

Season's eatings - Stuff
PICK AND CHOOSE: Thanks to the credit crunch you'll be eating finger food at this year's Christmas do ??? fancy finger food. It's just a question of keeping it off the party frock. At an undisclosed Auckland cocktail function, the puzzled chef couldn ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. When Deal Journal told people we were going to cover an event honoring the 25 Most Powerful Women in Banking, a common reaction was: “There ...

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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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