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Mortgage Foreclosures - The LedgerMortgage foreclosures filed with the civil division of the Circuit Court for January 2008. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter names filed the foreclosure action. Roig, Francisco, Marlenis ...
Peter Wojnar from Hamilton, Canada writes: - Globe and MailWhile watching this debate one thing comes to mind. Isn't it nice watching a debate where you don't have one (or more) candidates constantly interrupting the other while they are talking? While I watch this debate I simply feel embarrassed as a ...
Business People - Cincinnati.comKeybank downtown has several new employees: Trey Budke joins as residential mortgage sales manager; Scott Gully as branch manager; Andrew Bludorn as relationship manager at their West Chester office; and Maranda Bowen as branch manager for their ...
Bank rescue plan to test capitalism - Los Angeles TimesThat question is swirling around the federal government's latest proposed intervention in the private financial markets since Treasury Secretary Henry M. Paulson announced Friday a plan to take equity stakes in banks as a quick and efficient way to ...
Have you heard?: Mortgage defaults up just a bit - Billings GazetteFirst, some good news. The National Association of Realtors reported last week that 7.4 percent of U.S. homes for sale had a sales contract pending from July to August. That was unexpected good news. Sales even were picking up in states that led the ...
A Small Price to Pay - Providence JournalDee Williams sits on the porch of the 84-square-foot house made of knotty pine that she built herself for $10,000. The New York Times / Karie Hamilton In his 20s, Michael Janzen made pottery and lived in a cabin in rural California that he estimated ...
Aloof leader bids to show he feels Canadians' pain - ReutersVICTORIA, British Columbia, Oct 8 (Reuters) - Prime Minister Stephen Harper -- who is considered unusually cool and aloof for a politician -- is striving to shed his shy habits and show Canadians he feels their pain over plunging stock markets and a ...
Harper bids to show he feels Canadians' pain - Reuters CanadaVICTORIA, British Columbia (Reuters) - Prime Minister Stephen Harper -- who is considered unusually cool and aloof for a politician -- is striving to shed his shy habits and show Canadians he feels their pain over plunging stock markets and a ...
Kentucky banks remain a sound investment - Ledger IndependentDespite the current national financial crisis, officials with area banks say their institutions remain financially solid and that loans for new homes and cars are available for credit-worthy customers. According to Bank of Maysville officer and State ...
Bailout opens door for players - Philadelphia InquirerThe $700 billion bailout may or may not unclog the nation's financial system. But what it would surely do, experts say, is create opportunities for clever investors to game the system. "I think everyone who is in the financial-services business is ...

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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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