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China central bank in talks to shore up capital-NYT - ReutersWASHINGTON, Sept 5 (Reuters) - China's central bank has begun discussions with the country's finance ministry to discuss ways to shore up the bank's capital as its investments in U.S. Treasury and mortgage debt decline in value, the New York Times ...
John McCain (R) - CNBC"...Higher taxes are the last thing we need. The economy isn't hurting because workers and businesses are under-taxed." When it comes to taxes, it’s usually a matter of cutting them or raising them. But as any taxpayer knows, the tax code is a ...
Ford seeks loan guarantees for green tech - CNN MoneyDEARBORN, Mich. (AP) -- Ford Motor Co. will keep investing in new fuel-saving technology even if it doesn't get any government loan guarantees, but the loans will help the automaker get the technology to market more quickly, Executive Chairman Bill ...
How to find the best (and cheapest) green deals - ninemsnIf there is such an urgency to cut carbon emissions, why can’t green products be easier to sort through, with incentives for consumers? Why can’t they be cheaper rather than more expensive? Why can’t it be more straightforward to find the good ...
Obama, McCain on the issues - CNBCMcCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade, the 1973 U.S. Supreme Court decision that legalized abortion, and now says he would seek to overturn that guarantee of abortion rights. Would not seek ...
Transcript: Mitt Romney At The RNC - NPR NewsNPR.org , September 3, 2008 · In these prepared remarks, former Massachusetts governor and GOP presidential candidate Mitt Romney attacks the Democrats' handling of the economy, foreign policy and the environment. Throughout the speech, he equates ...
A Chinese conspiracy theory - SalonHardly a day goes by without Dean Baker finding something to get angry about in the pages of the New York Times or Washington Post, but on Friday morning the co-director of the Center for Economic and Policy Research delivered a double-dose of ...
McCain misdelivers a mediocre speech. - SlateMcCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...
Lump sum deposit - IndependentShare What would you do if you had an extra €38,000? Bertie could put his controversial pay rise on deposit. It'd make for a better return than leaving it in the safe at the office. And forgetting about it. Northern Rock 's Demand Online offers the ...
Why Obama Can't Close the Sale - Wall Street JournalEven before John McCain shook up the presidential race by tapping Gov. Sarah Palin to be his running mate, polls weren't showing the late-August lead that Barack Obama (and many Republicans) expected. Why so? It's not because of the brilliance of the ...

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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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