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Public Notices - Mount Vernon News
Applicant hereby gives notice to all interested persons that the applicant has filed an Application for Change of Name in the Probate Court of Knox County, Ohio, requesting the change of name of Guy Aland Cleveland to Guy Alan Mills. The hearing on ...

Your Monday Morning News Update with Paul Adler - KYTV
WASHINGTON (AP) - An Associated Press review of regulatory documents finds that the Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed. The review shows the government ...

Fewer bingo players means fewer charity dollars Where is everyone? - Marion Star
MARION - For Martha Miracle, the bingo games at the Marion Family Moose Center Lodge aren't about money. It's about the people. "There are a bunch of characters up here," the Marion resident said. "If you come to win, strictly for the money, you come ...

November 2008 - Weblogs.baltimoresun.com
Reader Dave sends this nice letter to Obama's change.gov Web site, a propos of Saturday's column on layoffs. Dear President-elect Obama, Normally, I do not comment or send letters to elected officials, but since we are all looking for positive change ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

Homelessness cause is complicated - Mount Vernon News
MOUNT VERNON — There is no single cause to blame for homelessness and, sometimes, the issue is complicated. “Oftentimes we find that if they are younger people,” said Joy Harris, executive director of Interchurch Social Services, “they have ...

Heavy Rain Causes Flooding, Evacuations in Western Washington - FOX News
Nov. 12: Jerry Plymire steps over sandbags after helping to prepare the apartment building that he owns for expected floodwaters. SEATTLE — A small dam failed and caused minor flooding in Cosmopolis as heavy rain resulted in flood warnings ...

Town Commons: What's happening on the South Shore Nov. 20-28, 2008 - Abington Mariner
Send your calendar events to: Dorothy Dinsmore, Community Newspaper Company, 165 Enterprise Drive, Marshfield, MA 02050 or by fax 781-837-4543 or e-mail ddinsmore@cnc.com. Deadline is Friday at noon. Visit Town Commons: What’s happening on the ...

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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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