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News about Mortgages:
Struggling economy pushes jump in court filings - ksl.comSALT LAKE CITY (AP) -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that ...
Court cases surge as Utahns cope with economic woes - Salt Lake TribuneA bad economy historically means more business for the courts. "If you go back over the last 15-20 years, whenever there's a downturn ... you generally see an increase in civil filings," said state Courts Administrator Daniel Becker. Sure enough ...
And it's over... - Spokane Spokesman-ReviewHouse Bill 2416 -- reinstating the 1 percent property tax cap -- passed handily. Senate Bill 6178 -- letting households below $57,000 postpone half their taxes, so long as they pay them back with interest when they sell the home -- also passed ...
BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily HeraldSALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...
Business Briefs - Elk River Star NewsM&I Bank recently broke ground for a new location at the intersection of Diamond Lake Road and Rogers Drive in Rogers. The new office is scheduled to open in 2009. The new M&I Bank location will be a full-service branch with a business banker ...
Deeds Oct 22nd thru 31st 2008 - Cecil WhigChandler H. Gebhart, III, to Carl D. and Linda K. Becker, Bohemia Bay Yacht Harbor, Chesapeake City, $64,000, October 22. Jennifer R. and Thomas H. Clark, Jr., to Jennifer R. Clark, 224 Biddle Street, Chesapeake City, $0, October 24. Helena A. DuPont ...
Even in a recession, some Northeast Ohio businesses poised to do well - Cleveland Plain Dealer BlogIf economists were artists, they might render battered Greater Cleveland -- and most of the nation -- in sepia tones, like snapshots from the 1930s. But even they would see brightly colored spots among the drab. Though money worries, job loss and ...
Some share the bounty this bleak Thanksgiving - Grand Forks HeraldA Thanksgiving ago, many of us were fretting over delays at the airport, our holiday season shopping lists, even things like whether to get another Botox injection or a new set of wheels. Now we worry about keeping gas in the car. Or just keeping the ...
Sniper from first Gulf War needed help - Peninsula Daily NewsPORT TOWNSEND -- Clay Neideigh is a quiet, gentle man who knows what it's like to live in harm's way. He also knows what it is like to scramble to provide a secure environment for his children. He was an Army sniper in the Middle East during the ...
Worries about housing project - Knoxville News SentinelThe city of Knoxville has been expecting $4.5 million from the federal government, largely to improve blighted and abandoned housing, but a desire for more public input and a late change by the state stand in the way of finalizing a plan for exactly ...
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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