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News about Mortgages:
UPDATE 1-US commercial mortgage bonds get respite - ReutersNEW YORK, Nov 21 (Reuters) - Yield spread premiums on a commercial mortgage-backed securities index narrowed on Friday for the first day in at least a week as traders reversed some bearish bets that defaults on office and retail property loans will ...
Housejacked: Men Charged in Mortgage Scheme in Federal Court - KFVS12CAPE GIRARDEAU, Mo. - Two men are accused in what the U.S. Attorney calls the biggest mortgage fraud scheme ever to hit southeast Missouri. Todd McBride and Bob Wrolstead made their first court appearance in Cape Girardeau Thurday, acknowledged the ...
Former mortgage broker facing additional charges - Hendricks County FlyerNEW CASTLE — Former mortgage broker Jason Keigley of Indianapolis, is facing six new felony counts involving violations of Indiana’s Loan Broker Act. Keigley, 35, was arrested last week at the Branchville Correctional Facility after continued ...
New sleazy mortgage scam aimed at residents facing foreclosure - Walletpop.comSure, all mortgage scams are sleazy, but this one seems particularly evil. According to a story in a recent newsletter put out by Identity Theft 911 , a company aimed at helping individuals and institutions from being victims of identity theft, one ...
Treat homeowners like Donald Trump - Marketplace.publicradio.orgFINALLY! a voice of reason in all the whining and hand-wringing - if you cannot afford it DON'T BUY IT! DUH. -And I very much resent that MY TAX $$ are being used to bail out people who over-spent, or more egregiously (and in so many cases) re ...
A Bottom Up Rescue Plan for the Auto, Bank and Mortgage Companies - OpEdNews.comObama keeps talking about bottom-up approaches to the economy. Here's how it could look for the big three auto companies and the banking and housing industries. This morning, on MSNBC's Morning Joe, Mike Todd, NBC's political director asked ...
The Next Subprime Crisis Looms - Der SpiegelThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...
What to Sell in This Market - Motley FoolIt's true that the market tsunami has left some dirt-cheap value stocks in its wake, but if you don't have the cash to buy them, the opportunity will pass you by. Now is the time to go through your portfolio to see what you can sell to raise some ...
FHA-Backed Loans: The New Subprime - BusinessWeek(page 2 of 5) Similarly worrisome stories are playing out around the country. In Tucson, First Magnus Financial specialized in risky "Alt-A" mortgages, which didn't require borrowers to verify their income. State and federal regulators cited the ...
Bradford County Property Transactions - Daily Review & Sunday ReviewThe following property transactions were recorded recently at the Bradford County Courthouse. Alfred Finnerty, Alfred A. Finnerty (AKA) and Beverly Finnerty, Beverly J. Finnerty (AKA) to Commonwealth of Pennsylvania Department of Transportation of ...
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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