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Punish savers and make them spend money - Times OnlineThe battlelines are drawn. On one side we have the Labour Government and the Liberal Democrats, the Bank of England, the US Federal Reserve Board and the vast majority of Keynesian economists in every country - plus Barack Obama. On the other side ...
Piggy banks fly off shelves in freshly frugal U.S. - Yahoo NewsPlay Video Economy Video: Be cautious before refinancing your mortgage even though interest rates are low WHAS TV11 Louisville Play Video Economy Video: Market House In Annapolis Faces Struggles WJZ 13 Baltimore Play Video Economy Video: Survey Shows ...
Tax Credits vs. Spending: Why Progressives Should Care How the ... - Huffingtonpost.comAs Obama gets to work brokering a deal for his stimulus package, bipartisan agreement actually seems possible. This optimism stems from Obama's recent indication that his proposal will include a greater reliance on the tax system as a means of ...
James Chanos Says Hedge Funds Face Regulation: Year in Review - BloombergJan. 2 (Bloomberg) -- The financial wreckage of 2008 has left no part of our country untouched. It exposed the bankruptcy of business models employed by mortgage companies, investment banks, and rating agencies as well as the flaws of innovations ...
Thrifty Families "A Major Reason The Downturn May Not Soon End": WSJ - Huffingtonpost.comBOISE, Idaho -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns, splitting ...
Is your recession really necessary? - Financial TimesWhat a bleak midwinter. It is still hard to see where any green shoots of recovery will break through the permafrosted ground. The recession seems especially unnerving given the length and scale of the good times which preceded it – years in which ...
Overdue Thrift Imperils Recovery Hopes - Smart MoneyBOISE, Idaho (Dow Jones) -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns ...
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A bear saw around the corner - International Herald TribuneThe long economic boom passed many people by, but the bust has nailed nearly everyone. The carnage has also made a clairvoyant of James Grant, the founder of Grant's Interest Rate Observer and a perennial market bear. In "Mr. Market Miscalculates ...
Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic ... - Wall Street JournalBOISE, Idaho -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns, splitting ...
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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