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Italy PM rejects accusations over pay-TV tax hike - ReutersROME, Nov 30 (Reuters) - Italian Prime Minister Silvio Berlusconi, who owns broadcaster Mediaset (MS.MI: Quote , Profile , Research , Stock Buzz ), rejected accusations of conflict of interests on Sunday after his cabinet doubled VAT tax on pay-TV ...
Reverse mortgages a lifeline for seniors - San Diego Union-TribuneBetty Falling is among a growing number of seniors using a reverse mortgage to avoid foreclosure. “I was in a bind,” Falling said. Seniors traditionally have used reverse mortgages to maintain their standard of living in retirement by tapping ...
Baidu: Silence is Not Golden, It's Poison - Seekingalpha.comLonnie Hodge, who I would fairly say is something of a fan of Baidu ( BIDU ), takes the search company's CEO Robin Li to task over his failure to show up to do his keynote at last month's ad:tech confab in Shanghai, ostensibly for a "sore throat ...
next » - Consumerist.comMortgages ReFi Time: Mortgage Rates Drop On New $800 Billion Intervention If you're looking to refinance a home and have cash and good credit, now is a good time to pull the trigger. Yesterday the government announced the latest Federal golden ...
Private Equity's Year from Hell - BusinessWeekThe financial crisis has damaged investors great and small, and private equity funds are no exception. These funds, and the investors who plunked down millions to back their deals, appear to be facing big losses as more of the companies that they ...
An S&L's Path To The Cliff - ForbesBoard members warned him. Employees warned him. Even mortgage brokers--not a class of people winning any citizenship awards this year--thought to double-check the math. But Maurice "Mac" McAlister would not be denied. As the folksy but strict ...
Obama Transition Releases Private Donor List - Wall Street JournalT.W. Farnam reports on politics. President-elect Barack Obama ’s transition office has released a list of private donors who have contributed $1.2 million to supplement public funding for the office. The list, which covers through Nov. 15 and will ...
GAO: Critical Issues not Yet Addressed in TARP - HispanicBusiness.comThe investigative arm of the U.S. Congress on Tuesday criticized the Treasury Department's handling of a $700 billion bank bailout program and urged the Bush administration to get it into better shape. Treasury has yet to address a number critical ...
Economists Have Abandoned Principle - Wall Street JournalThis year will be remembered not just for one of the worst financial crises in American history, but also as the moment when economists abandoned their principles. There used to be a consensus that selective intervention in the economy was bad. In ...
CEOs “cashed out” prior to economic crisis - World Socialist Web SiteBalzac’s maxim that “behind every great fortune lies a great crime” may yet prove a fitting epitaph for American capitalism. A recent survey by the Wall Street Journal reveals that CEOs at major US financial and real estate firms converted tens ...
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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