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Correction: Rainbow Room story - Buffalo NewsIn a Jan. 3 story about cutbacks at the Rainbow Room restaurant, The Associated Press, relying on information from the establishment, erroneously reported the number of employees. The Rainbow Room now says it has about 300 employees, not 120. The day ...
Two teachers report purses stolen from desks - Buffalo NewsTwo Buffalo public school teachers reported their purses stolen from their desks on Monday, including one incident in which the thief then set fire to a drawer. One of the incidents happened at BUILD Academy, 340 Fougeron St., according to a Buffalo ...
Cornerstone Group faces another foreclosure - South Florida Business JournalA fourth South Florida project by Coral Gables-based Cornerstone Group has been slapped with a foreclosure lawsuit, with Wachovia filing to repossess its Villa Capri development in Naranja. The notice of foreclosure filed against Villa Capri ...
The Bust is a Boon - CNN MoneyDespite getting laid off from his banking job on Christmas Eve, Armando Avila has retained his optimism. The long-time loan officer believes his job skills and experience will be much in demand as steeply falling prices fuel a big upturn in the ...
Mary Jane Haggerty, 1952-2008: Rogers Park housing advocate and ... - Chicago TribuneWhen she was growing up on Farwell Avenue in Rogers Park , one of the 100 schoolchildren on her block, Mary Jane Haggerty was sure there were people up in the heavens. So on starry summer nights, she grabbed her little brother and a flashlight and ...
Showing entries for Category: Lacroix - San Francisco ExaminerAlthough the recession has temporarily put a lockdown on my wallet, a girl still has to eat. Fortunately, Philadelphia favorite Friday Saturday Sunday has come to the rescue. They’ve introduced a more affordable “ Small Plates ” menu with ...
Court news - Hendricks County FlyerNathan Adam Daniel, Danville and Kisha Rachelle Zigler, Brownsburg. Anthony J. Dick, Plainfield and Kimberly A. Ehmen, Indianapolis. Travis Lee Fields, Carbon and Lindsey Sue Buck, Brownsburg. Nathan Andrew Finlay, Danville and Sarah Elizabeth Baker ...
City named in civil suit - Chetek AlertThe City of Chetek has been named as lien holder in a civil case filed Dec. 29 in Barron County Court. According to the complaint, on May 30, 2002, Steven W. and Elizabeth A. Ashley, of Bloomer, entered into a written land contract with Rebecca A ...
Real estate transactions - Wausau Daily HeraldThese are the Marathon County real estate transactions for Dec. 1 to Dec. 5. Totals as of Dec. 5 are 2,470 transactions valued at $395,491,499. Wells Fargo Bank NA to Veterans Affairs, Secretary of, Officer of the U.S.A., lots/units 2, block 1, J.P ...
Displaced family of 9 grateful for outpouring of good wishes - Times ReporterThe Decker family, together in their rented house at Dellroy, includes children Mary-Elizabeth (seated, L), Rebecca-Lynn, Jan, Nicholas, Jonathan, Jason Jr. and Charles. Mom Amber-Leigh and dad Jason hold a sign that says “Thank You! May God Bless ...
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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