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Banks' Woes Spread to Their Suppliers - Wall Street Journal
The banking-industry crisis is having an immediate impact on at least one group of small and midsize businesses: those that were built to provide products and services to a booming financial sector. The effect on these companies "has been nothing ...

Barbs traded at hearing on Lehman’s fall - Thehill.com
Congressional Democrats and Republicans traded accusations Monday over what and whom to blame for the financial crisis amid startling new revelations surrounding the bankruptcy of the Lehman Brothers investment bank. Democrats aimed their harshest ...

Joining Hannity, Cincinnati radio host Cunningham repeatedly misled on ... - Media Matters
Summary: On his Cincinnati-based radio program, Bill Cunningham falsely claimed that former Fannie Mae CEO Franklin Raines is an "economic adviser" and "chief financial adviser" to Sen. Barack Obama. A McCain campaign ad claims that Raines "advises ...

Dominic Lawson: Democrat fingerprints are all over the financial ... - The Independent
Traders work on the floor of the New York Stock Exchange Of all the characteristics of a successful politician, none is more essential than bare-faced cheek. Never has this been more evident than in the past fortnight, as senior Democrat members of ...

Site Presented By - Salon
Citing Barack Obama's "intellect, fortitude and temperament," Hugh McColl, the North Carolina banker who built a small regional bank into the powerhouse currently known as Bank of America, endorsed the Senator from Illinois for president in the ...

Wall Street crisis hits WaMu, Wachovia but impact is less locally - Fort Bragg Advocate-News
Like many middle class Americans, Anna Marie Stenberg of Fort Bragg suffers with an adjustable rate mortgage and still hates the idea of a bailout of Wall Street's mega lenders. Stenberg has been seeking refinancing on her home but the credit crunch ...

Haunted by history - Guardian Unlimited
'They have waited until something has cracked and then at the last moment have sought to prevent total collapse." Those words, which could so easily have come from one of the congressional representatives who this week voted down the proposed federal ...

Democrats Blocked Mortgage Regulations - The Bulletin
Editor's Note: This is the second in a series illustrating that while Wall Street was not without responsibility for the mortgage crisis, government policy initiated it - and efforts by community advocates, as well as politicians, prevented attempts ...

Business Expo aims for gay clients - St. Petersburg Times
DOWNTOWN — Local jewelers, mortgage companies, chiropractors and other businesses will set up displays and booths downtown on Sunday to attract gay and lesbian customers. The Tampa Bay Business Guild, a 20-year-old chamber of commerce for gay and ...

Republicans Stage Protest At Fulds Hearing, Want More Inquiry Into ... - RTT News
(RTTNews) - A series of congressional hearings into the causes of and potential solutions to the nation's financial crisis got off to a rocky start Monday when Republican members of the panel conducting the inquiry briefly walked out in protest ...

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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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Franklin Mortgage Rates and Information Online from competing Lenders

Today's Mortgage Terms starting with M