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News about Mortgages:
State headlines: Great Wolf scrambles to retain Ohio resort - Biz TimesMadison-based Great Wolf Resorts announced that it continues to talk with its lenders about extending the maturity date on a $76.8 million mortgage on its indoor waterpark resort in Mason, Ohio. Great Wolf could lose the 2-year-old Ohio resort, which ...
Update: Great Wolf gets extension on Ohio resort mortgage - Wisconsin State JournalMadison-based Great Wolf Resorts announced that it has received an extension on its $76.8 million mortage on its indoor waterpark resort in Mason, Ohio, while it tries to negotiate an agreement with its lenders. The loan was to have expired Nov. 30 ...
Discussions continue on Great Wolf’s Mason mortgage - Business CourierRipley's, Great Wolf start $200M N.F., Ont. project Great Wolf agreement ends proxy battle Great Wolf to develop resort in Dallas/Fort Worth area Chehalis Tribe diversifies with Great Wolf Lodge, a $100M resort Great Wolf Resorts said it has received ...
Sunday Calendar - San Gabriel Valley TribuneINTER-COUNTY GARDEN CLUB will hold its Annual Holiday Potluck at 10:30 a.m. at the Joslyn Senior Center, 815 N. Barranca Ave., Covina. Please bring a dish to share. For more information, call (626) 967-1602. COLLECTIBLES CLUB meets at 7 p.m. at the ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
Up Next - CBS NewsTHE CHEATERS - 60 MINUTES and The Washington Post reveal how online poker players suspecting cheating were forced to successfully ferret out the cheaters themselves. That's because managers of the mostly-unregulated $18 billion Internet gambling ...
Great Wolf faces slow go on extending $76M mortgage - Cincinnati.comMASON - Great Wolf Lodge, the indoor water park and conference center near Kings Island, is having difficulty negotiating an extension of its $76.8 million mortgage, which expires Nov. 30. If the contract cannot be negotiated between lender GE ...
Car accidents claim three lives in Suffolk in last day - NewsdayThree Suffolk residents lost their lives in three separate motor vehicle accidents over a 24-hour period between Thursday and Friday morning, and at least one other person was critically injured, police said. The most recent accident, a one-car crash ...
Great Wolf hit by credit crunch - Cincinnati.comMASON – Great Wolf Lodge, the massive indoor water park and conference center near Kings Island, is having difficulty negotiating an extension of its $76.8-million mortgage, which expires Nov. 30. If the contract cannot be negotiated between lender ...
TheStar.com | Business | Buyout kings bracing for the blame - Toronto StarAs recently as a year ago, when they were laying out billions of dollars to acquire some of the most familiar names in the corporate world, private equity shops were celebrated for their audacity as firms including Chrysler LLC, Hilton Hotels Corp ...
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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