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News about Mortgages:
Holiday outlook of Fed is bleak - The Washington TimesThe country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back production. The Federal Reserve 's new snapshot of business conditions ...
Great Wolf still working on Ohio resort mortgage - Wisconsin State JournalMadison-based Great Wolf Resorts announced that it continues to talk with its lenders about extending the Sunday maturity date on a $76.8 million mortage on its indoor waterpark resort in Mason, Ohio. Until the discussions conclude in a definitive ...
PMI Group deploys Access Auditor to systematically validate user ... - Security ParkCompliance legislation, such as Sarbanes-Oxley (SOX) and the Gramm-Leach Bliley Act (GLBA), mandates audits of employee access to business applications. The PMI Group, Inc. offers residential mortgage insurance and credit enhancement products ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
COURTS: Judge: Lender should have first dibs in condo foreclosure sale - Lockport Union-SunAn existing order by a state Supreme Court justice says the mortgage-holder on Victorian Village condominiums should have first dibs on the proceeds of any foreclosure sale. State Supreme Court Justice Ralph A. Boniello III already ruled that Graham ...
Discussions continue on Great Wolf’s Mason mortgage - Business CourierRipley's, Great Wolf start $200M N.F., Ont. project Great Wolf agreement ends proxy battle Great Wolf to develop resort in Dallas/Fort Worth area Chehalis Tribe diversifies with Great Wolf Lodge, a $100M resort Great Wolf Resorts said it has received ...
State headlines: Great Wolf scrambles to retain Ohio resort - Biz TimesMadison-based Great Wolf Resorts announced that it continues to talk with its lenders about extending the maturity date on a $76.8 million mortgage on its indoor waterpark resort in Mason, Ohio. Great Wolf could lose the 2-year-old Ohio resort, which ...
Bonita RV park ravaged by water off flood-zone map - News-PressManna Christian RV Park, among the county’s most publicized flood-prone spots, is not in a flood zone according to new government maps. Federal Emergency Management Agency officials said they never studied the property due in part to a lack of ...
BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily HeraldSALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...
Struggling economy pushes jump in court filings - ksl.comSALT LAKE CITY (AP) -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that ...
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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