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Drywall, plasterboard, wallboard—whatever you call it, the substance that covers billions of square feet of American homes hasn’t changed since its invention in 1917. Dry-
wall factories still roast ground-up gypsum rock in 500°F kilns ...

Johnson Capital racks up $120M in deals - Denver Business Journal
Johnson Capital ’s Denver office arranged $120 million in financing for real estate transactions in the third quarter, according to the company. Mike Cantwell, managing partner of Johnson Capital’s local operation, attributed his company’s ...

Md. jobless rate reaches 12-year high - Baltimore Sun
The economic crisis pushed Maryland's jobless rate to a 12-year high in October, the Labor Department said yesterday, but economists said even modest growth in the labor force kept unemployment from spiking further. Maryland's unemployment rate hit 5 ...

USG Corporation Announces Agreement to Sell $400 Million of Contingent ... - PR Newswire
CHICAGO, Nov. 21 /PRNewswire-FirstCall/ -- USG Corporation (NYSE: USG) , a leading building products company, reported today that it has entered into an agreement to sell a total of $400 million of 10 percent contingent convertible senior notes due ...

September 14 - September 21 (77) - Dakota Voice
► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...

police blotter - Salina Journal
MARRIAGE LICENSES -- Francisco Ayala, 22, and Maria G. Duran, 23, both of Concordia; Christopher W. Skelton, 27, and Jenina M. Strader, 23, both of Salina; Christopher A. Fritz, 26, and Jennifer Ann Marie Henderson, 26, both of Gypsum; Robert A. Bade ...

USG Corporation Reports Third Quarter 2008 Net Sales of $1.2 Billion ... - PR Newswire
CHICAGO, Oct. 28 /PRNewswire-FirstCall/ -- USG Corporation (NYSE: USG) , a leading building products company, today reported third quarter 2008 net sales of $1.2 billion and a net loss of $40 million, or a $0.40 loss per diluted share based on 99.1 ...

Centennial, MBIA, Rowan, Sotheby's, USG: U.S. Equity Preview - Bloomberg
Nov. 9 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:30 p.m. in New York on Nov. 7, unless otherwise specified. Standard & Poor's 500 ...

Business Briefs - Glenwood Springs Post Independent
RE/MAX Country is proud to welcome Brenda Ulibarri to the Glenwood Springs office. Brenda grew up in Denver, and majored in business at Metro State College. She had a successful insurance sales career, and then moved to Glenwood Springs 12 years ago ...

USG Estimates Annualized Restructuring Cost Savings of $125 Million ... - PR Newswire
CHICAGO, Nov. 13 /PRNewswire-FirstCall/ -- USG Corporation (NYSE: USG) , a leading building products company, said today that its current restructuring initiatives will result in more than $125 million in annualized cost savings. The company also ...

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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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