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Real Estate - Boulder County Business Report
There might be a dip in foreclosure filings to come as the nation's two top lending agencies, Fannie Mae and Freddie Mac, have directed their loan servicing organizations and attorneys to suspend foreclosure sales and evictions on occupied single ...

Obama tells NY Times he'd do better without Fox News around - Los Angeles Times Blogs
The New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...

STANTON BARRETT RISKS HIS LIFE SO HE CAN RISK HIS LIFE - FOXSports.com
I'M WARNING you at the door: This is a love story with no satisfaction. It's got plenty of Hollywood but none where you really need it. The hero will do anything to possess the one he has loved since adolescence. He'll run through flames, jump off ...

The Black Friday mindless stampede; Update: Video added - Hotair.com
I worked for several years in retail and then for two decades in retail-related security, and have no intention of participating in the longest, roughest day in American shopping.  In all of those years, I never heard a story like this , though ...

Empty Stockings - Independent Record
This Empty Stockings feature is printed every year on the Sunday after Thanksgiving to present the Wish and Need lists of Helena area nonprofit organizations that assist families, individuals and the pets they love in various ways throughout the year ...

THEY SURVIVED, AND SO CAN YOU Those who lived through the Depression ... - Las Vegas Review Journal
Boulder City resident Marie Sullivan, 84, appears Wednesday before a display at the Hoover Dam Museum inside the Boulder Dam Hotel. Sullivan, who is the gift store manager at the museum, grew up during the Great Depression of the 1930s, when her ...

John Glustrom, 91, pushed integration - Atlanta Journal Constitution
As a World War II soldier, John Glustrom helped liberate the Buchenwald concentration camp in Germany. The experience had a profound effect on the Atlanta native. He vowed to make sure that kind of inhumanity never happened in America, starting with ...

Home prices to slide, not crash: economist - Globe and Mail
After more than twelve years of rising real-estate values in [Toronto] prices dropped in August by 1%...September figures, released yesterday, were even worse, with prices falling 6%. The report also noted that prices in the GTA fell more than 3 ...

National City's choice: Sell, or maybe be sorry later - Cleveland Plain Dealer Blog
CLEVELAND -- The sale of National City Corp. on Friday leaves 7,800 local employees wondering about the future and leaves residents stinging from the loss of yet another Fortune 500 company that was a powerhouse in the community. But the Cleveland ...

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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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