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Lloyds shareholders vote on HBOS takeover - Stv.tvShareholders in Lloyds TSB are meeting in Glasgow today to vote on the proposed takeover of the ailing bank Halifax Bank of Scotland. A combination of the two banking giants will bring 145,000 staff together into a single institution consisting of 3 ...
Two women beaten, robbed in Gibson Street home - Buffalo NewsTwo women were beaten up and robbed in their Buffalo home when two men broke in by removing a sheet of wood covering a window late Tuesday, police said. After punching one woman and knocking her to the kitchen floor, and hitting the other in the face ...
Petrol headed to $1 per litre: economist - West OnlineThe price of petrol is heading for $1 a litre, according to an economist. A global slide in the price of crude oil has combined with a steadying Australian dollar to see the price fall more than 20 cents in the last three weeks. “Motorists across ...
No. 19 USC beats New Mexico St. for 2-0 start - Buffalo NewsTaj Gibson tied his career high with 22 points and had 10 rebounds as No. 19 Southern California defeated New Mexico State 73-60 on Tuesday night for its first 2-0 start in eight years. Dwight Lewis added 16 points and Daniel Hackett, who fouled out ...
Read more reactions from Huffington Post bloggers to ABC's ... - Huffingtonpost.comIn perhaps the most embarrassing performance by the media in a major presidential debate in years, ABC News hosts Charles Gibson and George Stephanopoulos focused mainly on trivial issues as Hillary Clinton and Barack Obama faced off in Philadelphia ...
MAHONING COUNTY - VindicatorRandolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...
Market set to open weaker again - West OnlineThe Australian share market is expected to open in the red again today after US stocks fell overnight. At 6.29am, the December Share Price Index futures contract on the Sydney Futures Exchange was down 98 points at 3,598. The Dow Jones Industrial ...
Stocks on edge - The AgeAustralian investors are in another nervous day's trading after more proof overnight of a slowing global economy and leading investment bank Macquarie Group poised to release earnings. In recent trading, the December Share Price Index futures ...
Transcript: Obama and Clinton Debate - ABC NewsAnd I think those are the kind of broad issues that a president has to take into account. GIBSON: And, Senator Obama, your campaign manager, David Plouffe, said, "When he is" -- this is talking about you -- "When he is elected president, we will be ...
Stocks on edge ahead of Macquarie announcement - Brisbane TimesAustralian investors are in another nervous day's trading after more proof overnight of a slowing global economy and leading investment bank Macquarie Group poised to release earnings. In recent trading, the December Share Price Index futures ...
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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