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Bocce courts beckon workers - Nashville TennesseanFRANKLIN — It's a bit of an unusual site for a commercial center, or even a park for that matter. Surrounded by the restaurants, offices and shops at the growing Meridian Cool Springs development off Carothers Parkway are a pair of bocce courts ...
Wells Fargo named top small-business lender in Texas - San Antonio Business JournalWells Fargo Bank, NA has been ranked the leading small-business lender in both the United States and Texas, according to the latest Community Reinvestment Act and Small Business Administration data. In Texas alone, Wells Fargo loaned more than $2 ...
MI5 Discover Al-Qaeda Buying Ambulances on Ebay - Canada Free PressLondon—MI5 have warned Britain’s cash-strapped National Health Services that dozens of ambulances–along with old police cars and fire engines past their sell-by date–are being snapped up by al-Qaeda operatives in the United Kingdom to mount ...
The market's down, but not my house - Boston GlobeThe real estate market may be tanking and values plunging. But hey, don’t look at me. My home is actually gaining value! That seems to be the attitude of a surprisingly large number of homeowners amid the current downturn, a recent AP story found ...
The NBA’s dirtiest player: Raja Bell, Matt Barnes, Robert Horry ... - Hoop VibesEvery week, HoopsVibe The Blog drops a basketball related list for fans to weigh-in on. We call it ‘Listed’ … They are love-hate players. The home crowd show love, appreciating their extra effort, determination, and win-at-all costs approach ...
Endorsement deal reportedly worth millions is music to Phelps' ears - Baltimore SunThe next time Michael Phelps puts on headphones on his way to the pool, he'll be paid for it. Handsomely. In the biggest deal ever signed by a traditional Olympic athlete, Phelps will endorse MP3 players and other electronic devices made by ...
Silos property in Carlisle Township is sold - Chronicle-TelegramCARLISLE TWP. — A group affiliated with the Lorain County Mission has signed a deal to purchase The Silos banquet facility from Mangus Dotson and operate it as a day care center and youth gathering place. The Rev. Brian S. Wade, executive director ...
It's High Time to Re-Regulate Banking - Der SpiegelA stock trader in Frankfurt: The first wave of trouble struck the investment banks. Now problems are starting to pop up among hedge funds. Frenchman Jérôme Kerviel offered a particularly enlightening commentary on the steadily worsening crisis in ...
Cheaper gas prices prevail on West Shore - Patriot-NewsCHRISTINE BAKER, The Patriot News SHEETZ on Harrisburg Pike in Carlisle is selling regular unleaded gasoline at $1.91. Elliot Markovitz is like most drivers in the midstate: He is baffled by why gasoline is so much cheaper on the West Shore than on ...
Public sector pensions will cost £1 trillion - Times OnlineTHE government is facing calls to reveal the true cost of public sector pensions after it emerged that they are worth more than 15 times those of private sector workers. Opposition politicians and business leaders have joined forces with the CBI ...
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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