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Signs mount of deepening recession - Huffingtonpost.comWASHINGTON — The latest evidence of a deepening recession that's already the longest in a quarter-century came Wednesday in a pair of reports that found little relief in sight. The U.S. service sector shrank far more than expected in November, as ...
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RegeneRx: A Beaten Down Biotech - Seekingalpha.comInvestors wise enough to go to cash when their stocks hit recent exit zones should now be exploring ways to recover. Major indexes (and their underlying stocks) will be a long time regaining previous heights; so astute investors will be looking for ...
Peter Mandelson's shameless intervention may backfire - Daily Telegraph BlogsLord Mandelson is at it again, as James and Iain Dale have noted. But does Mandy's serpentine intervention, beautifully pitched, shamelessly partisan though it was, actually matter? The only motive could have been to gain party advantage, to try to ...
Jay Bookman - Atlanta Journal ConstitutionThe entry titled "Did the Chambliss victory send a message?," and any of the comments about it. On Fox News they’re asking whether voters were trying to send a message by re-electing Saxby Chambliss and denying Democrats a 60-vote margin in the ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. In Michigan, embryonic stem cell research is more controversial than medical marijuana — but, ultimately, Michiganders approve of both ...
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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