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MURRAY TO WOO MIDDLE ENGLAND - FOXSports.com"McGeady is a rare natural talent who can make a significant contribution. Even if he doesn't, the GBP5m fee is hardly a dent in our petty cash." East Stirlingshire FC shake off their image as perpetual losers by going top of Scottish League division ...
Obama urges Congress to pass stimulus plan - MSNBC Jan. 3: Obama's $800 billion stimulus package could create millions of jobs, but it may not be able to cross party lines within the U.S. Senate. MSNBC political analyst Pat Buchanan weighs in. CHICAGO - President-elect Barack Obama urged ...
George W. Bush will take a legacy of failure with him - Lodi News-SentinelBush underestimates how poorly his record will reflect on him. In an informal survey of historians, 61 percent ranked Bush dead last among all American presidents, finally getting James Buchanan off the hook. In a column a couple of years ago, I ...
Meyerson: Two lessons from the 2008 meltdown - Record SearchlightLesson One: If it's big and you don't regulate it, you end up nationalizing it. One of the major lessons of the year is that unregulated and under-regulated capitalism ends up confronting democratic governments with a subprime choice: Either let a ...
The 99 most memorable, interesting and outrageous political quotes of ... - Enter Stage RightThe year 2008 was politically the most exciting and unusual in a generation. It hosted a long, divisive and drama filled campaign season that featured the rapid rise and fall of Rudy Giuliani, Fred Thompson and Mike Huckabee, the unlikely rise of ...
Viewing all entries for: October 2008 - Economist.comAND speaking of bad last-minute decisions: you're up, and you have more paths to victory than Paul Simon has breakup techniques . Kerry states plus IA-CO-NM? Safe. Kerry plus OH? Quite possible. Kerry plus VA + IA? Safe enough too. Want to run up the ...
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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