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Events for November 15-17, 2008 - New York Observer8:30 a.m. City Comptroller Bill Thompson will be among the speakers at Democratic State Senate Leader Malcolm Smith's first Annual Education Conference, held at the Far Rockaway Community Church of Nazarene, 1414 Central Avenue, in Far Rockaway ...
Truck accident closes Route 60 for two hours - Buffalo NewsA section of Route 60 in Chautauqua County was closed for just over two hours at midday Tuesday, after a tractor-trailer slid into a ditch in wintry conditions, with the trailer blocking both lanes of traffic. Chautauqua County sheriff's officials ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Fear drives some NJ residents in presidential vote - NewsdayROCKAWAY TOWNSHIP, N.J. - If there's one word that keep falling from the lips of New Jersey voters in this presidential election season, it's "scared." Many are scared of losing their jobs or their savings. Some are scared that Barack Obama is ...
11th congressional district election: Iraq, pork, and that $7 billion ... - Recorder Community NewspapersWashington’s Wall Street bailout, Iraq, health care and free trade were grist for the political mill Thursday, Oct. 16, when U.S. House of Representatives incumbent Rodney Frelinghuysen, R-11, and Democratic challenger Thomas Wyka met editors of ...
Bank bucks trend - Recorder Community NewspapersFLORHAM PARK – Nationwide, banks may be floundering, but one that operates locally is seeing record profits thanks, says its CEO, to prudent and conservative lending policies. Hudson City Savings Bank has $51 billion in assets and 2008 will be its ...
Fear a factor as election day approaches - Courier-PostROCKAWAY TOWNSHIP — If there's one word that keep falling from the lips of New Jersey voters in this presidential election season, it's "scared." Many are scared of losing their jobs or their savings. Some are scared that Barack Obama is secretly a ...
Fear Drives N.J. Residents In Presidential Vote - CBS 2ROCKAWAY TOWNSHIP, N.J. (AP) ― If there's one word that keep falling from the lips of New Jersey voters in this presidential election season, it's "scared." Many are scared of losing their jobs or their savings. Some are scared that Barack Obama is ...
Nouriel Roubini: I fear the worst is yet to come - Times OnlineAs stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For ...
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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