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Treasury rally going into payrolls. Buy the rumour sell the fact end ... - FXStreet.comOn Thursday, global bonds traded mixed, as European bonds were hit by profit-taking, but US Treasuries extended its impressive rally on more MBS related demand. Weaker US equities failed to influence trading. On the European bond market, longer-term ...
Buffeted by financial crisis, countries seek euro's shelter - International Herald TribuneCOPENHAGEN : The deepest financial crisis since the Great Depression has prompted countries that had snubbed the euro to take a fresh look at the virtues of the common European currency. After turmoil in the currency markets nearly destroyed the ...
Somali Pirates Hijack Chemical Tanker, Release Greek Cargo Ship - FOX NewsNAIROBI, Kenya — Somali pirates hijacked a chemical tanker with dozens of Indian crew members Friday and a helicopter rescued three security guards who had jumped into the sea, officials said. Greek authorities, meanwhile, said a Greek-owned cargo ...
A community in limbo - Everett HeraldEVERETT -- When James Splitt moved to Mariner Village mobile home park, there was a waiting list. Four years later, the 87-year-old man's two next-door neighbors are gone, along with a third of the seniors who once filled the close-knit community in ...
Need to know: BT appointment ... InBev shifts focus ... Loans up - Times OnlineUK manufacturing : Activity fell at its fastest pace for almost 19 years last month as output and orders plummeted, the latest CIPS/Markit purchasing managers’ survey of the sector showed. The CIPS headline index of manufacturing conditions tumbled ...
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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