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Ask AP: Bottom-up bailouts, gas pump tampering - Las Vegas SunIf troubled automakers and banks need government bailouts, why not give their customers federally financed vouchers to help cover car and mortgage payments _ so both consumers and companies could benefit from the money? Curiosity about bottom-up ...
Running on empty - Business Courier'There are some great deals … if you have cash or the wherewithal to get a loan.’ Tom Singer at an Indian Hill home Ben Wilcoxson has worked both sides of the housing bubble. Prices were rising when the young Realtor broke into the business in ...
Hey, Congress: 'Prepackaged bankruptcy' for automakers is bad idea ... - MLive.comAP File Photo Flags fly at GM headquarters in Detroit. The fantasy won't die. For some reason, people cling to the idea that General Motors Corp. and Chrysler LLC should just march into bankruptcy court with a pre-packaged deal and wipe away their ...
Mayor appoints assistant city treasurer - Eunice NewsCity Treasurer Droucy Rougeau has decided to retire, effective January 2010. On Monday, Mayor Bob Morris appointed Becky Thibodeaux Hill as assistant treasurer, preparing, he said, for Rougeau's retirement. Hill has most recently been FEMA ...
From small town to boom town - Austin American-StatesmanAt least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander. In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and ...
Foreclosures looming for businesses - Capitol Hill BlueBlack Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the ...
Shoppers have reasons to act like grinches - Kansas City StarThere are ample reasons for America's shoppers to act like grinches this holiday season, with lost jobs, wilting retirement accounts and shrinking home values topping the list. And if anyone needed more evidence of consumers' weary state and the ...
Analysis: Avoiding blame in auto industry crisis - Tri-City HeraldGeneral Motors Chief Executive Officer Richard Wagoner testifies on Capitol Hill in Washington, Thursday, Dec. 4, 2008, before the Senate Banking Committee hearing on the bailout of American automakers. WASHINGTON Not surprisingly, neither the ...
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 ...
One-Note Horn - Baltimore City PaperOne of the clearest signs that the Republican brand is in for a long stint in the woods is the fact that Republicans continue to shill for the same policies that got us into the financial hole we find ourselves in. George Bush spent eight years ...
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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