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Jack Kemp Named a Spokesperson for Generation Mortgage Company(TM) - PR Newswire
NEW YORK, Jan. 22 /PRNewswire/ -- Jack Kemp, former US Housing Secretary, nine-term Congressman, Vice Presidential candidate and professional football quarterback, will soon be operating on a new "playing field." The 72-year old has joined Atlanta ...

In bankruptcy court, lives are turned upside down in minutes - HamptonRoads.com
It's 9:32 a.m. U.S. Bankruptcy Court Judge Frank J. Santoro takes the bench in Courtroom 2. He wastes no time diving into the lengthy docket. The cases move fast - assembly-line fashion. Most last no longer than a couple of minutes. Several are as ...

High deposits bar to buying - Stuff
Just as interest rates are falling, mortgage add-on fees have risen, and banks want 20 per cent deposits and higher incomes before approving loans. Based on the latest prices, this would mean a $45,000 deposit on an average home in Christchurch's ...

Beach Haven mayor sought waiver of residency mayor on Long Beach ... - Atlantic City Press
BEACH HAVEN - Mayor Thomas J. Stewart asked to have the residency requirement waived on the mortgage for his Long Beach Township house because it could become an issue during an election, according to a depostition from a TD Bank employee. A lawsuit ...

Two cabbie robberies bring five-year term - Buffalo News
LOCKPORT — A Niagara Falls teenager who robbed two taxi drivers at knifepoint was sentenced to five years in prison Thursday by Niagara County Judge Matthew J. Murphy III. Darain R. Cruz, 18, of Linwood Avenue, had pleaded guilty to two counts of ...

Battling for votes: Retirees take new look at what matters - CNN
In a CNN.com special report, Battleground Voters, we talked to voters in five battleground states -- Colorado, Florida, Missouri, North Carolina and Ohio -- to find out how the economy would influence their choice for president. In the third of four ...

Deputies subdue armed man in tussle outside Rath County Office ... - Buffalo News
A Linwood Avenue man who had been armed with a loaded revolver faces a felony weapons charge after fighting with Erie County sheriff’s deputies Tuesday outside the Rath County Office Building, Sheriff Timothy Howard said. The disturbance began at ...

Video Games: The Way Wii Were - Baltimore City Paper
By cuisine Afghan African American Argentine Asian Bangladeshi Barbeque Bistro Brazilian Breakfast Brewpub Burgers Café Cajun Cal-Mex California Cantonese Caribbean Chinese Coffee shop Contemporary Continental Crab House Creole Cuban Danish Deli ...

Video: Top Toronto News 2007 - Toronto Star
Linwood Barclay Star Columnist JANUARY Jan. 1: In a huge, collective resolution, Lindsay Lohan, John Tory, Irene Mathyssen, Stéphane Dion, the provincial employee who referred to a job applicant as "ghetto dude," David Miller, Don Imus, Alberto ...

Obama seeks landslide; McCain continues on the attack - Rocky Mountain News
Text size DES MOINES, Iowa — Despite John McCain's prediction of an upset, Barack Obama reached for a landslide Friday, invading his rival's home state with TV ads and building a lead in early voting in key battlegrounds as the presidential race ...

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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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