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News about Mortgages:
TREASURIES-Borrowing binge exacerbates selling in bonds - ForbesNEW YORK, Jan 7 (Reuters) - U.S. Treasury debt prices eased on Wednesday as spotty auction results confirmed fears about the market's ability to absorb a growing need for new issuance, offsetting any safety bid from careening stocks. The downturn ...
Indian shares edge higher, financials climb - ReutersMUMBAI, Jan 6 (Reuters) - Indian shares nudged higher on Tuesday after a shaky start, but investors were circumspect as they braced for tough quarterly earnings. Financial stocks were mostly higher as hefty rate cuts on Friday were expected to lower ...
BlackBerry co-CEOs in Canada get astronomical salaries - Thaindian.comToronto, Jan 2 (IANS) BlackBerry founder Michael Lazaridis and his co-CEO James Balsillie were top grossers among Canada’s best paid 100 CEOs who collectively earned a whopping $1 billion in 2007.While Lazaridis’ pay package stood at $51.5 ...
Stocks edge higher, financials lead - Indian ExpressMumbai: Stocks nudged higher on Tuesday after a shaky start, but investors were circumspect as they braced for tough quarterly earnings. Financial stocks were mostly higher as hefty rate cuts on Friday were expected to lower the risk of consumer ...
BoA completes Merrill Lynch purchase - Indian ExpressNew York: Bank of America Corp completed its purchase of Merrill Lynch & Co on Thursday, creating the largest US bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. The closing allows Bank of America to ...
Buying a 20L home? Check the fine print - Economic TimesNEW DELHI/BANGALORE: A curious game of 20-20 is being played out in the Indian realty sector, thanks to the government’s move to prod banks to cut interest rates for housing loans up to Rs 20 lakh. Across the country, real estate companies are now ...
Falls puts brakes on 2 outdoor projects - Buffalo NewsNIAGARA FALLS — Two downtown projects that involve properties owned by Joseph M. Anderson have hit unexpected snags. A project to build a snow tubing hill and synthetic ice rink two blocks from the Rainbow Bridge will need more extensive city ...
AFTER A HORRIBLE 2008, THE AWARD GOES TO. . . - New York PostWHAT a long, strange year it was. Office buildings worth $1,500 a foot on Jan. 1, 2008, might be worth less than half of that now - and that's assuming a buyer would be willing to pay that amount, and could even get financing. Hedge funds turned out ...
Ajith V Kumar and Shafey Danish - Zee NewsThe world economic scenario at the end of 2008 looks something like a house slowly falling in. Some of the pillars have already fallen; some are in an advanced state of decay. The roof threatens to cave in, while the foundations, though not quite ...
2009: Year of bottom line? - ColumbianOne common denominator will shape Clark County’s top stories for 2009: money. -- Housing markets will struggle to rebound from the worst year in memory. -- State agencies, schools and cities will cope with the sting of budget cuts. -- Big-ticket ...
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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