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News about Mortgages:
Merrill Discussed Selling Loans for $200 Million (Update1) - BloombergSept. 4 (Bloomberg) -- Merrill Lynch & Co. , the third- largest U.S. securities firm, discussed selling mortgages and other debt to Korea Asset Management Corp. for less than $200 million, a person familiar with the negotiations said. The loans are ...
Merrill Lynch fails to sell on debt to Koreans - Daily TelegraphMerrill Lynch appears to have failed to sell about $200m (£112m) of distressed mortgage debt to the Korea Asset Management Corp (Kamco). The US investment bank, led by chairman and chief executive John Thain, had been discussing selling the debt on ...
Local Business Watch: Corn crop 11 days behind five-year average - Des Moines RegisterIowa's corn crop is 11 days behind the five-year average, the U.S. Department of Agriculture said in its weekly crop report Tuesday. Thirty-three percent of the crop is at dent stage, behind the normal average of 64 percent for this date. Forty-eight ...
Inside the RNC: Photos from the Floor - San Francisco GateHockey moms may be the new black, but black is the new president as Tracy Morgan already pointed out. At any rate, I know that Obama understands the intricacies of the Dodd legislation in regards to the mortgage and foreclosure crises, but I can't ...
Stock & fund quotes - ninemsnThe Dow closed up 32 points or 0.3% while the S&P gained 0.4% and the Nasdaq lost 0.1%. Thursday's rout proved pre-emptive last night as Wall Street's expectation of a weak August jobs number was not only met but exceeded. The Street was looking for ...
Beware: Cell phone fraud - ABS-CBNBusinessman Arnold Buenaventura recently went to Greenhills Shopping Center in San Juan to purchase a brand new cell phone. Buenaventura, 27, a gym operator, also of San Juan, had no idea that he would eventually regret what he did that day - buying ...
September August July June May April March February January 2007 - Nypress.comComing off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...
Sarah Palin’s Convention Speech - Wall Street JournalMr. Chairman, delegates, and fellow citizens: I am honored to be considered for the nomination for Vice President of the United States… I accept the call to help our nominee for president to serve and defend America. I accept the challenge of a ...
Collier deputies, federal agents round up illegal aliens, gang members - Naples Daily NewsNAPLES — The Collier County Sheriff’s Office teamed up with federal agents to arrest 25 criminal aliens, including two known gang members, during a two-day operation. The Sheriff’s Office’s Criminal Alien Task Force recently completed 40 ...
Barack Obama Video Gallery - CNBCDueling Energy Plans, Pt. 2 Talking gas pump politics, with Austan Goolsbee, Obama Economic advisor; John Taylor, McCain Economic advisor; and CNBC'... Dueling Energy Plans, Pt. 1 Talking gas pump politics, with Austan Goolsbee, Obama Economic ...

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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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