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News about Mortgages:
Valley saw surge of filings last year - San Jose Mercury NewsHere's a somber statistic for Silicon Valley: Foreclosure activity increased at a faster clip in Santa Clara County last year than in any other California county, a foreclosure information service said Tuesday. Foreclosure filings rose 239 percent ...
Colo. lawmakers look at drastic budget cuts - KUSA-TVDENVER (AP) - Colorado lawmakers returned to work Wednesday with the urgent task of cutting up to $600 million from the current $19.2 billion budget and creating a "Jobs by June" plan to jump-start the state's construction industry. Democrats ...
Pending home sales hit record low - Vacaville ReporterPending U.S. home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy gave more buyers cold feet, the National Association of Realtors reported Tuesday. The index, which tracks signed contracts ...
Colorado lawmakers look at drastic budget cuts - CNBCDENVER - Colorado lawmakers return to work Wednesday with the urgent task of cutting up to $600 million from the current $19.2 billion budget and creating a "Jobs by June" plan to jump-start the state's construction industry. Democrats acknowledge ...
BUYINS.NET: (WABC) SqueezeTrigger Price is $50.780. There is $224,571 ... - TradingMarkets.comFrom January 2005 to November 2008, an aggregate amount of 37912019 shares of WABC have been shorted for a total dollar value of $1,895,600,950.00. The WABC SqueezeTrigger price of $50.780 is the volume weighted average price that all shorts are ...
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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