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1st Metropolitan Mortgage's Bill Warren Receives Service Award - PR Inside- Bill Warren, the chief compliance officer of Empire Equity Group, Inc and its d/b/a, 1st Metropolitan Mortgage, was awarded the American Association of Residential Mortgage Regulators (AARMR) 2008 Distinguished Service Award. Warren was recognized ...
Warren Buffett's happy housing story - CNN Money(Fortune Magazine) -- Not every subprime lender is drowning in red ink. Berkshire Hathaway subsidiary Clayton Homes, the nation's largest maker and financer of prefab and mobile homes, has been a bright light in a mortgage market that has generated ...
Companies step in after foreclosures put families elsewhere - Detroit Free PressMichigan's glut of foreclosed homes means green for the companies that maintain these properties. Five Brothers Mortgage Co. in Warren, which offers banks upkeep services on foreclosed homes, has seen its business triple in the last five years. Such ...
Community News - Kingsport Times-NewsAll the tricks, lies, and hidden secrets that cheat home buyers and home owners refinancing out of their hard-earned money are exposed in the new tell-all by Carolyn Warren, MORTGAGE RIP-OFFS AND MONEY SAVERS. Trease L. Carpenter, a travel writer ...
Top Tips - News.com.auMORTGAGE Choice national manager corporate affairs, Warren O'Rourke has these tips for those wanting to spring clean their mortgage. 1. Examine at your past year’s budget and expenditure to see what aspects of your spending you can move around so ...
Warren Buffett and NBC's Tom Brokaw: The Complete Interview - CNBCThe Tom Brokaw piece on NBC Nightly News Monday night highlighting Warren Buffett's call for a higher tax rate on very wealthy Americans includes an excerpt from a sit-down interview with Buffett. You can see the Nightly piece and read the transcript ...
Giving Cash to Children - Washington PostResize Personally, I think as soon as possible. Even expectant mothers should discuss finances with their kids while they're in the womb. Hey, why not? We're told to play classical music during pregnancy. So why not turn on CNBC or the Fox business ...
OMAHA MUTUAL - New York PostWarren Buffett's move to become the biggest winner in the subprime mortgage meltdown got short-circuited last week after Gov. Spitzer gave bond insurers until mid-week to get their financial house in order. The ultimatum is likely to light a fire ...
Ralph Roberts Free Teleseminar "Victims of Real Estate and Mortgage ... - PR.comReal Estate Mortgage Fraud Expert Offers Free Advice and Prevention Tips. Realtor® Ralph Roberts Kicks off New Teleseminar Series Jan 2nd. Free teleseminar on the signs of real estate and mortgage fraud and what you can do about it. Warren, MI ...
Written by Warren Mass - New AmericanAdding to the woes of Americans reeling from the fallout stemming from the national housing and mortgage crises, recent Wall Street events such as the bankruptcy of Lehman Brothers, the sale of an ailing Merrill Lynch to Bank of America, and the ...

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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