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News about Mortgages:
College Afordability and the Next Presidency - Huffingtonpost.comAs the first in my low-income family to attend college, I took every form of aid available on campus -- work study, part-time employment -- and held seasonal jobs off-campus. Thankfully, I qualified for federal loans, signing my first promissory note ...
August 2008 - NPR NewsWhen author and Columbia University professor Farah Jasmine Griffin watched as Barack Obama won the presidential nomination of his party, she writes, "I wondered what [Fannie Lou Hamer] would have thought about this night." Last night, the Democratic ...
Thinking Right - Atlanta Journal ConstitutionAll the entries posted in August. Is Hillary married? Just asking. In many ways, it was a strange speech from Hillary. For one, there was no acknowledgment that any man in her life might be anywhere that mattered. Bill sat, looking proud and almost ...
Misprint Phone Number Sends Caller To Sex Line - WTKRA Cecil County, Maryland man who phoned the governor's office with an opinion about the mortgage foreclosure debate realized he wasn't talking to a secretary when the woman who answered greeted him with a "Hi, sexy." Pete Pritchard of Calvert ...
History's Back - Weekly StandardHere’s what Barack Obama told Time ’s Karen Tumulty and David Von Drehle earlier this week, when asked what we would learn about him from his vice presidential pick: Hopefully, the same thing that my campaign has told the American people about me ...
State tightens Medicaid rules - Raleigh News & ObserverMonday's hearing for the proposed new state Medicaid rules was "announced" on a state Web site. But the hearing was attended by two AARP staffers, two Division of Medical assistance workers and a reporter. To reach the word-processing document that ...
In Congress, old is in - MSNBCWASHINGTON - Sen. Robert Byrd, D-W.V., is an institution. He's the longest serving senator in U.S. history. He's also 88 years old, and if he wins re-election -- he's the clear favorite in his race -- he'll be 95 at the end of his ninth term. But ...
Open Mike - NBC SportsThe words are painful for me to read, mostly because I wrote them. It was back at the end of July, when the Houston Astros did nothing to improve themselves at the trade deadline. The gist of that column was that the least the team could have done ...
What do you think of the Packers' picks? - Milwaukee Journal SentinelI don’t think the packers had that bad of a draft, I truly think they picked the best players available. I would have hated to see them reach for a receiver or TE just because they needed one. It is always funny to here so called experts on one ...
SFGate: Politics Blog - San Francisco GateThey're all looking for a jackpot here in Nevada with the Jan. 19 caucuses just hours away. So Assembly Speaker Fabian Nunez was here looking for the payoff Friday, going door to door in North Las Vegas, armed with "American Con Hillary" signs and ...

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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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