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Violet Blue - San Francisco GateOn Craigslist New York, you could indeed say that a panic -- of the erotic kind, at least -- has a firm "grip" on Wall Street. One Casual Encounters ad headline reads, "RESESSION SEX: FULL SWAP." [sic] Another ad explains , "Perfect and easy way to ...
U.S. unveils new programs to ease credit - Blueridgenow.comThe Federal Reserve said it would buy up to $600 billion in mortgage-backed assets from government-sponsored mortgage giants Fannie Mae and Freddie Mac. It would buy up to $100 billion in debt directly from the companies and up to $500 billion in ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Foreclosures looming for businesses - Capitol Hill BlueBlack Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the ...
Observations on financial crisis and implications for Canada - Hill TimesThe Hill Times, December 1st, 2008 Observations on financial crisis and implications for Canada Now the entire basis of the world financial system is in play. By Colin Robertson OTTAWA—While the current crisis may be "Made in America," like the ...
Got a Room? Inauguration Is a Windfall - Blueridgenow.comKatherine Mangu-Ward, one of many in Washington willing to rent their homes for the inauguration, has offered her one-bedroom apartment online for $1,000 a night. Susan Etheridge for The New York Times More precisely, how much is it worth to someone ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Deal Journal today talked to Brian Hoffmann, co-chairman of the M&A practice in the Americas for law firm Clifford Chance. In the first part of ...
So far, so good - Capitol Hill BlueWith every day bringing more bad financial news, with job loss now an equal opportunity experience, with paying the mortgage each month a major hassle, we can at least be glad that Barack Obama is said to be ahead of any previous president-elect in ...
Globe editorial board editor on why Harper should resign - Globe and MailDarcy Meyer from Canada writes: John, you didn't take one question from someone defending Harper or posing an arguement why he should not resign. This would contrast your view and stance, and allow you to show your justification for such a call. I ...
Stock buyers go shopping - Pueblo ChieftainNEW YORK - Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more economic ...
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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