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State colleges get an 'F' for affordability - Hattiesburg AmericanMississippi gets an F in making college affordable. The National Center for Public Policy and Higher Education this week released its biennial report card on how well states provide Americans with education and training beyond high school. Higher ...
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'Sassy' Elisabeth Hasselbeck believes in Maverick Sarah Palin - PopwatchThat is just one issue on his background. I find it interesting that two Wits have been sent to the US Supreme Court ... one from PA and one from New Jersey on the background issue. It isnt lame and serious ramifications do exist if the background ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
Apartment rents stable across U.S. - Los Angeles TimesReporting from San Francisco -- While homeowners may be weathering rising mortgage rates or dropping property values, apartment renters have a bit of relief. Apartment rents, as well as occupancy, were virtually unchanged across the country in the ...
Ten Women to Watch in Europe, the Middle East and Africa - Wall Street JournalAGE 49 TITLE Chief Executive COMPANY Burberry Group LOCATION U.K. Angela Ahrendts' goal to make Burberry an "affordable luxury brand" will be put to the test over the next year as the global financial crisis begins to hit even high-spending luxury ...
Mexico combats police corruption with mortgages - Yahoo NewsOfficers and prison guards in Michoacan state can now get special deals on houses and financing through a pilot program designed to keep them out of the pockets of organized crime . The strategy is part of Mexico 's desperate push to professionalize ...
After the fiesta - Economist.comGROUCHO MARX got it wrong when he said that he didn’t care to belong to any club that would have him as a member. There are in fact few things in life so wounding to self-esteem as to be excluded from a gathering where you think you rightly belong ...
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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