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Key economic reports may be movers this week - Boston GlobeThe Federal Reserve releases consumer credit for July. It's expected to have tightened to $8.6 billion, from $14.3 billion previously. Federal court hearing on Smithfield Foods Inc. 's racketeering lawsuit against a union seeking to organize workers ...
Careful with that axe, Tavish - Times OnlineLiberal Democrat leaders are not, as a rule, associated with marauding. Sex scandals, yes — Jeremy Thorpe, Paddy Ashdown and contender Mark Oaten have given British politics some memorable moments of high drama and low farce. Old-fashioned, red ...
Upcoming business events and economic reports - CNBCMONDAY, Sept. 8 WASHINGTON — Federal Reserve releases consumer credit for July, 3 p.m. Weekly Treasury auction. RICHMOND, Va. — Federal court hearing on Smithfield Foods Inc.'s racketeering lawsuit against a union seeking to organize workers at a ...
Thompson's passing sparks Tennessee-Martin 56-0 - SalonSep 6th, 2008 | MARTIN, Tenn. -- Cade Thompson threw for 315 yards and three touchdowns to lead Tennessee-Martin to a 56-0 rout of Baker University on Saturday. Thompson hit Kenny Jones on scoring passes of 8 and 62 yards, and hooked up with Linzy ...
Coming Week: Rough Seas Ahead - Street.ComAs the market swung back and forth last week, with no apparent regard for logic, some investors were left scratching their heads, asking: What gives? The coming week may be more of the same, with reports on jobless claims, pending home sales ...
Treasuries Drop on Speculation Government Will Prop Up Agencies - BloombergTreasuries Drop on Speculation Government Will Prop Up Agencies By Dakin Campbell and Daniel Kruger Sept. 5 (Bloomberg) -- Treasuries fell amid speculation the U.S. is close to a plan to that would prop up troubled mortgage finance companies Fannie ...
Treasuries Head for Weekly Gain as Economy Sheds Jobs in August - BloombergTreasuries Head for Weekly Gain as Economy Sheds Jobs in August By Dakin Campbell and Daniel Kruger Sept. 5 (Bloomberg) -- Treasury 10-year notes headed for the biggest weekly gain since June after a government report showed the economy lost jobs in ...
To the wanting, McCain's words are empty - Seattle Post IntelligencerWHEN SEN. JOHN McCain accepted the GOP nomination for president this week, I clung to his words, hoping he would speak to skeptical ears here at home. Ears like those of Reginald and Rosa Beck of Federal Way. Like hundreds of thousands of Americans ...
Mortgage crisis hits new depth - Cincinnati.comThe number of Southwest Ohio homeowners who went into foreclosure soared during the second quarter as the national mortgage crisis continued. Nationwide, a record 9.2 percent of mortgage holders were either behind on their payments or in foreclosure ...
Canadians support government's handling of economy: Flaherty - Globe and MailDavid Hogg from Victoria, Canada writes: Mr. Flaherty and his cabinet colleagues are economic heroes and legends in their own tiny little minds. The biggest difference in the US economy and ours is reflected in the mortgage market and housing market ...

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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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