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And they're off! Conventions launch campaign's final lap - Seattle Times
ST. PAUL, Minn. — New characters are on stage. Scripts have been revised with a fall audience in mind. And now that the back-to-back political conventions have ended, the longest-running presidential campaign in memory enters its homestretch ...

Now for the main event - Chicago Tribune
ST. PAUL—New characters are onstage. Scripts have been revised with a fall audience in mind. And now that the back-to-back political conventions are over, the longest-running presidential campaign in memory enters its home stretch—finally—with ...

September August July June May April March February January 2007 - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

Entrepreneurs often dream of expanding geometrically with one big deal ... - Crain's Chicago Business
Until Dec. 5, the rhythm of work at Fulton Street Baking Co. was as steady as rising dough. Then came the sweet chaos of the kolacky. A food broker needed 220,000 cookies a week for a national retail chain, a massive single order for Fulton. The ...

Options to solve credit challenges - Atlanta Journal Constitution
With mortgage delinquencies on the rise, many lenders are tightening their standards, even cutting out 100 percent financing altogether. In some cases, even borrowers with great credit are having to work harder to justify loan amounts. So what ...

Mortgage Crisis - OpEdNews.com
Rowan Wolf: The Fines We Pay (4 comments) It is considerate of us to front the money to investment banks to pay the fines for being crooks. Bob Herbert: Cause for Alarm (1 comments) David Boren, a former U.S. senator who is now president of the ...

Record number of foreclosure auctions in Atlanta area - Access North GA
ATLANTA - A record number of properties around the Atlanta area are scheduled for courthouse auctions next month, according to Equity Depot, an Alpharetta company that keeps track of foreclosures. In the 13-county metro area, 7,335 properties are ...

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Fulton Hickman

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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