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Animal Crossing: Wild World Hints XXXVII (DS) - Softpedia
Animal Crossing: Wild World features a very minimal plot. The objective of the game is to pay off a debt to Tom Nook, who allows the player to move into a house he owns. If the mortgage is paid off, the player's house will expand until upstairs, left ...

From the police report... - Spokane Spokesman-Review
State Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...

Mortgage tax receipts - Daily Freeman & Sunday Freeman
Commissioner of Finance William Carlin went further: "In all my 20 years in county government, I've never seen economic conditions so bad. The fall off in our mortgage tax revenue is indicative of the huge problems with housing and the economy at ...

Mortgage-fraud ringleader sentenced to 15 years - Columbus Dispatch
The ringleader of a mortgage-fraud team was sent to prison for 15 years today after he and seven others were found guilty of defrauding lenders out of more than $1.1million in property loans. Kim Anderson, 46, of Powell, was found guilty by a ...

Churches, temples building faith in the crumbling economy - Danbury News-Times
After years of trying to wedge one more chair into a shoebox turned sanctuary in Brewster, N.Y., Rabbi Solomon Acrish and others began looking at plans for a new temple in the mid-1990s. Acrish, the rabbi at Temple Beth Elohim for the past 42 years ...

Massive mortgage squeeze - bbc
Net new mortgage lending is likely to fall to less than zero next year, according to a report commissioned by the Treasury from Sir James Crosby, the former chief executive of HBOS, owner of the Halifax. Sir James is warning that as homeowners are ...

Ringleader sentenced to 15 years - Columbus Dispatch
The ringleader of a mortgage-fraud team was sent to prison for 15 years yesterday after he and seven others were found guilty of defrauding lenders out of more than $1.1 million in property loans. Kim Anderson, 46, of Powell, was found guilty by a ...

Every inch their own home - Pittsburgh Post-Gazette
Board members of the McKeesport Neighborhood Initiatives, from left, Waliyyuddin Muhammad; Sheryl Ward, consultant for McKeesport Weed and Seed; Lani Temple, MNI executive director; and Sheryl Sears, treasurer, stand in front of one of the four new ...

City tax rate discussed - Alpine Avalanche
Two citizens showed up at Tuesday evening’s brief Alpine City Council meeting to speak at the second public hearing on a proposal to increase tax revenues. The city proposes to adopt a rate of 55 cents per $100 valuation. If the rate is approved ...

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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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