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UPI NewsTrack TopNews - United Press InternationalWASHINGTON, Dec. 5 (UPI) -- U.S. auto executives face another day of grilling in Washington Friday, this time in front of the House Financial Services Committee. Chief executive officers from Ford Motor Co. ( NYSE:F ), General Motors Corp. ( NYSE:GM ...
Shobhana Subramanian: Protecting your portfolio when the market is ... - Business StandardThe Dow was worth 20 ounces of gold both in 1929 and 1980, but bottomed at near one ounce of gold in 1932 and 1980. The recent bear market began with the Dow priced near 43 ounces of gold, and is worth less than 12 ounces today, on its way to re-test ...
Latest Pictures - Newstrack IndiaNew Delhi, Nov 12 (IANS) A MiG 29 trainer aircraft of the Indian Air Force (IAF) crashed in Tinsukhia district of Assam Wednesday, IAF officials said here. The pilots ejected safely before the crash. According to initial reports Search continues for ...
U.S. Department of Treasury - Chicago TribuneNEW DELHI (AP) — A Pakistani militant group apparently used an Indian operative as far back as 2007 to scout targets for the elaborate plot against India's financial capital, authorities said Thursday, a blow to Indian officials who have blamed ...
WORLD at 0400GMT - PR InsidePAKISTAN-POLICE UNDER FIRE. Pakistan police losing terrorism fight. CANADA-POLITICAL CRISIS. Canadian leader suspends Parliament to keep power. US-OBAMA. Obama raised $104 million toward election's close. VENEZUELA-SLUM'S SWITCH. Traditionally pro ...
A house divided hard on wife - Ottawa SunQuestion: For 13 years living together, we've kept our finances separate. My spouse said all his assets will go to his daughter; only his pension will go to me. We live in my mortgage-free house; he pays for half of the overhead. He sold his house ...
With economy tight, even lawyers get outsourced - Baltimore SunAs the economic crisis deepens in the U.S., some lawyers are making out well -- in India. At the Mumbai subsidiary of outsourcer Pangea3 LLC, rows of Indian lawyers at new computers pore over contracts, covenants and other financial documents. They ...
Pakistan-Based Terrorists Suspected in Mumbai Attack - FOX NewsNov. 26: A gunman walks at the Chatrapathi Sivaji Terminal railway station in Mumbai, India. Little is known about the terrorist group that calls itself Deccan Mujahideen and claimed responsibility for the series of attacks Wednesday, in Mumbai ...
Media News Stories - Atlanta Journal ConstitutionThe Atlanta Fire Rescue Department is donating 800 carbon monoxide/smoke detectors to Georgia Tech to be used in student housing units... Jimmy Carter writes new book on Middle East (12/04/2008) Former President Jimmy Carter has written a new book on ...
Bush ignored financial warnings - Edmonton SunWASHINGTON -- The Bush administration ignored remarkably prescient warnings that foretold the financial meltdown, a review of regulatory documents shows. "Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris ...
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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