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News about Mortgages:
Property slump hits footballers hard - This is MoneyMega-rich footballers have huge sums in property, but while old school buy-to-let investor Robbie Fowler profited, new build buyers such as Steven Gerrard and Wayne Rooney have lost out. We all live in a Robbie Fowler house: Fans used to serenade buy ...
No new UK bank bailout: PM Brown - ReutersLONDON (Reuters) - The British government is talking to lenders about stepping up loans to credit-starved companies, but a second bailout of banks is not the preferred option, Prime Minister Gordon Brown said on Sunday. "I don't think that's the ...
Beaufort Realtors: Housing market at bottom here, elsewhere - Beaufort GazetteThe state of the real estate market in northern Beaufort County depends on the type of property for sale and on one's perspective, according to two area Realtors. "Beaufort is kind of a unique market," said Everett Ballenger, an agent at Keller ...
New Bank Bailout Not on Cards: UK's Brown - CNBCThe British government is talking to lenders about stepping up loans to credit-starved companies, but a second bailout of banks is not the preferred option, Prime Minister Gordon Brown said on Sunday. Sharon Lorimer "I don't think that's the first ...
New bailout not on Brown's agenda - International Herald TribuneThe government is talking to lenders about stepping up loans to credit-starved companies, but a second bailout of banks is not the preferred option, Prime Minister Gordon Brown said on Sunday. "I don't think that's the first thing that anybody would ...
New Bank Bailout Not on the Cards, UK’s Brown Says - TechWebThe British government is talking to lenders about stepping up loans to credit starved companies, but a second bailout of banks is not the preferred option. (Updates with Brown, Darling comments, BBC report) LONDON, Jan 4 - The British government is ...
PM defends handling of downturn - BBC NewsMr Brown also said he was not thinking about calling an election. The Conservatives have accused the government of "headline grabbing". The prime minister said he wanted to see a return to banks doing what they should be - "lending" - and did not ...
Need to know: Waitrose; Flybe; Tata - Times OnlineCredit conditions : The credit crunch bit deeper, as banks continued to curb the availability of loans for individuals and businesses, the Bank of England’s quarterly Credit Conditions Survey reported. UK manufacturing : The UK manufacturing ...
Brown plays down second bank injection - Financial TimesBritain’s banks may need another injection of capital from the taxpayer, Gordon Brown acknowledged on Sunday, but the prime minister insisted the matter was not being addressed as a matter of urgency. Mr Brown and Alistair Darling, the chancellor ...
Jeremy Warner: How to get banks lending once more - The IndependentThe Government and the Bank of England have tried flooding the system with cash, they've tried cutting interest rates, they've tried the special liquidity scheme, they've forced the banks to recapitalise, and they've tried guaranteeing interbank ...
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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