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Ellen Goodman: 'Abstinence-only' classes flunked scientific tests - Billings GazetteBOSTON - I hate to bring this up right now when the ink is barely dry on your New Year's resolution. But if history is any guide, you are likely to fall off the assorted wagons to which you are currently lashed. I don't say this to disparage your ...
Ellen Goodman: American teens and sex - International Herald TribuneI hate to bring this up right now when the ink is barely dry on your New Year's resolution. But if history is any guide, you are likely to fall off the assorted wagons to which you are currently lashed. I don't say this to disparage your will power ...
Ellen Goodman: Abstaining from false claims - Salisbury PostBOSTON — I hate to bring this up right now when the ink is barely dry on your New Year's resolution. But if history is any guide, you are likely to fall off the assorted wagons to which you are currently lashed. I don't say this to disparage your ...
Conference probes rural housing crisis - East Anglian Daily TimesTHE lack of affordable homes and the impact of the credit crunch on rural areas is to be tackled today at a conference in East Anglia to be attended by top executives from across the housing, economic and finance sectors. The Commission for Rural ...
Commercial real estate prognosis - New Mexico Business WeeklyIf 2009 is no worse than 2008, those who own and lease commercial real estate will be relieved. Compared to residential real estate, office, industrial and retail properties were spared the nation’s foreclosure tide, which flowed from the subprime ...
Cape home values plunge - Cape Cod TimesForeclosures soared, property values slid and sales volumes plunged. In the end, 2008 was not a banner year for the real estate market. "Obviously, '08 was a bellwether year in real estate for all the wrong reasons," Barnstable County Register of ...
New programs in store for county court - Republican & HeraldOfficials will add a few new programs to the Schuylkill County Court system in 2009, but will mostly stick with what they believe has worked. “We will just continue what we’re doing,” President Judge William E. Baldwin said this week about what ...
OPINION: Whither Michigan — Be of stout heart - Dearborn Press & GuideThe government has now seen that the problems of the Big Three are not "exclusively" of their own making. The world's credit crisis due to Wall Street's plunge into the subprime mortgage sinkhole is hurting all businesses, not just auto companies ...
Building up to a standstill - Philadelphia Business JournalWhen Liberty Property Trust decided last month to pull the plug on developing a $55 million headquarters for Advanta Corp. , the move brought to a screeching halt a process that started more than a year ago. It’s a scenario that will likely be ...
'Abstinence - only' investment is a swindle - Record SearchlightI hate to bring this up right now when the ink is barely dry on your New Year's resolution. But if history is any guide, you are likely to fall off the assorted wagons to which you are currently lashed. I don't say this to disparage your willpower ...
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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