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PROGRAM SEEKS MILLIONS TO GET KIDS INTO SCIENCE - Wichita Eagle
An unprecedented effort is under way among aircraft companies, the Kansas Legislature and Wichita State University to expand the teaching of pre-engineering and other science courses in Wichita public schools -- and to build a bigger pipeline of kids ...

First-time home buyers in Oklahoma shrugging off $7,500 federal help - Daily Oklahoman
The new federal housing law gave with one hand — the $7,500 tax credit — but took away with another, mortgage consultant Scott Senner said. The law eliminated certain kinds of down-payment assistance and raised the mandatory down payment on ...

Foreclosure Effect on Home Prices May Be Small - Wall Street Journal
Even though data Friday from the Mortgage Bankers Association indicated that U.S. foreclosures hit a record in the second quarter, that won’t necessarily translate into big declines in home prices. (Getty Images) That appears to be the conclusion ...

Big Dog announces layoffs - Wichita Business Journal
Big Dog Motorcycles announced Friday it has laid off 22 employees and will lay off 27 more in the next 60 days. The layoffs are a consequence of economic problems, which no motorcycle company has been immune to this year, says Paul Hansen, marketing ...

Top National News Right Now - WTNH.com
MYRTLE BEACH, S.C. (AP) - The weekend could be washed-out for millions of people along the Eastern Seaboard. Tropical Storm Hannah is expected to make landfall in the Carolina's overnight and head up the East Coast bringing heavy rain, up to 10 ...

Stateline.org' s coverage from the 2008 national conventions. Updated ... - Stateline
Alaska Gov. Sarah Palin commanded the most attention at the Republican National Convention Wednesday night, as she accepted her party's nomination for vice president, but other current and former GOP state officials were in the spotlight as well ...

Hillary's Nasty Pastorate - Common Dreams
There's a reason Hillary Clinton has remained relatively silent during the flap over intemperate remarks by Barack Obama's former pastor, Jeremiah Wright. When it comes to unsavory religious affiliations, she's a lot more vulnerable than Obama. You ...

When Masterpieces Are Moneymakers - Inside Higher Ed
A newly announced settlement that would allow Fisk University in Nashville to sell two paintings valued at $8.5 million each unsettles some in the academic art world. The agreement between Fisk and the Georgia O’Keeffe Museum , which sought to ...

Brad Williams Joins OrthoSynetics(TM) as Director, IT Infrastructure - PR Newswire
METAIRIE, La., March 3 /PRNewswire/ -- OrthoSynetics(TM), the largest provider of business services to orthodontic and dental practices worldwide, has hired Brad Williams as Director, IT Infrastructure. "Hiring Brad is in keeping with our commitment ...

Not Registered? Register for free extra services. Choose Another ... - Kansas City Business Journal
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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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