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News about Mortgages:
Niagara has 34-1 run to beat Monmouth, NJ 71-48 - FOX NewsPHILADELPHIA — Rob Garrison scored 18 points and Niagara went on a 34-1 run midway through the first half to defeat Monmouth, N.J. 71-48 at the Palestra on Friday. Demetrius Williamson added 14 points for Niagara (4-1), which hit on 23 of 45 shots ...
Career Moves - Raleigh News & ObserverStory Tools Donald R. "Don" Edwards has been named project manager at Southern Industrial Constructors/Southern Crane, industrial contractors in Raleigh. Jason Newton, a partner with Yates, McLamb and Weyher law firm in Raleigh, was elected treasurer ...
Michigan business news in brief: NWA union sues Delta - Detroit Free PressThe union that represents Northwest Airlines flight attendants is suing Delta Air Lines to block the world's biggest carrier from starting the process to integrate the two carriers' seniority lists until the combined group is given the opportunity to ...
Tough times for small banks - Pioneer PressAs the global financial meltdown took hold in the third quarter, smaller metro-area banks did not escape unscathed. About a third of the 118 community banks based in the Twin Cities lost money. Combined, this group of banks — not including large ...
Counting our blessings - Richmond Times-DispatchWillette Campbell had the odds against her. Diagnosed in February with Stage 4 uterine cancer, she wondered whether she would see another Thanksgiving as she went through surgery and six months of chemotherapy. At age 45, she's delighted to be able ...
Matter of Records November 24 - Wichita Falls Times Record NewsTarget Nat’l Bank vs. Barbra Delany, 5105 Rock Point, $3,073.72, V3307 P44. Midland Funding vs. Tori Richerson, 4408 McCrory, $2,085.75, V3307 P46. Target Nat’l Bank vs. Becky K. Goolsby, 1610 Fillmore, $5,106.50, V3307 P54. Union Square FCU to ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
Kimberly Garrison: 'Unexpected Blessings' and Thanksgiving - Philadelphia Daily NewsWITH THE Wall Street bailout, Main Street mess, unprecedented mortgage foreclosures, a fallen stock market, a credit freeze, and record unemployment have many Americans feeling there is nothing much to be thankful for this year. Despite these very ...
Foreclosures plaguing Terre Haute - Tribune-StarTERRE HAUTE — They are sitting empty all over town. Foreclosed homes, known as REO (Real Estate Owned) properties, have become a huge part of the housing market in Terre Haute, Indiana and the country as a whole. “This is a national thing ...
Empty homes show lives torn apart - Pittsburgh Tribune ReviewThe family photos can get to Bob Watkins. "It's kind of sad. People's lives just sort of go away," said the Jeannette man who cleans out homes after their owners lose them to foreclosure. Long after the neighbors have forgotten who lived there, the ...
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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