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News about Mortgages:
Economic stimulus plan tied to energy savings - International Herald TribuneWASHINGTON : President-elect Barack Obama and leaders in Congress are fashioning a plan to pour billions of dollars into a jobs program to jolt the economy and lay the groundwork for a more energy-efficient one. The details and cost of the so-called ...
Police: Man rented foreclosed Fresno homes he didn't own - Inside Bay AreaAn elaborate scam taking advantage of the mortgage crisis unraveled, authorities say, when Kristen Ables found another family living in her Fresno house. "It was a mixture of disbelief and anger" that she felt on learning that she had been victimized ...
Choose Another City: - Birmingham Business JournalKarazy Mortgage Trust articles from the South Florida Business Journal
World's sexiest islands 2008 - MSNBCReal life is the enemy of sexiness. Real life is a bad economy, mortgage worries, global warming. Sexiness is the act of shedding worries and slipping off the constraints of real life. Best of luck doing that at home. While finding a sexy beach is a ...
E. Bay Mayor Under Investigation - San Francisco GateKen Bukowski, 57, a retired nightclub owner and 21-year veteran of the City Council, has also refused to pay business taxes to the city for more than four years and owes nearly $2,000 in property taxes. In addition, state officials are investigating ...
A case study in housing collapse - St. Petersburg TimesTAMPA — Thousands of miles from the trading floors of global stock markets, an abandoned house in one of Tampa's poorest neighborhoods is an improbable place to learn about why the world's financial system is collapsing. But if you want to ...
Don't cut funding for rape crisis centers - St. Petersburg TimesIn its recommended budget cuts for 2009, the state Department of Health has included the complete elimination of the Rape Crisis Program Trust Fund, the state's main source of funding for rape crisis centers. This $2-million cut would destroy vital ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Reaction strong to 'mess column" - Inside Bay AreaI have been engulfed with a flood of reactions to my Nov. 3 column that posed the question "How did we get into this mess?" My take on the current financial crisis, which made the point that it started with widespread greed and ignorance last year ...
Market Mover - American ReporterBOCA RATON, Fla. -- The thoughts below were written three years and one month ago. No one cared about my ideas. On local and national radio for more than 14 years I made the same health care warning loud and clear to anyone who would listen. I'll try ...
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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