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Ala. county votes against record bankruptcy - FOX NewsBESSEMER, Ala. — Commissioners in Alabama's most populous county voted against filing the largest municipal bankruptcy in U.S. history Tuesday and the federal government refused to guarantee the county's $3.2 billion sewer bond debt. The Jefferson ...
Some currencies plunge as stocks sink worldwide - International Herald TribuneWASHINGTON : Fear that the financial crisis is infecting once-healthy economies created another white-knuckle day for investors Friday, causing stocks to tumble from Tokyo to New York. Uncertainty also roiled currency markets as investors continued ...
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Selling Gaston County: Schools pay $3 million for building, Southwood ... - Gaston GazetteReal estate transactions represent transfer of real property recorded with the Gaston County Register of Deeds. The following information is provided: seller, buyer, location of property and estimated value. If you have any questions about this ...
Good Gracious! - Barron's OnlineALAN TRIPP HAS WITNESSED FAR MORE FINANCIAL SHOCKS than the average American, beginning with the 1929 Wall Street crash, when he was a child. The Bryn Mawr, Pa.-based entrepreneur also knows all about risk: His former company, Product Resources ...
Gaston's unemployed may have to settle for less - Gaston GazetteGaston resident Eric Chisholm searched a bulletin board at Goodwill Job Connection in Gastonia Wednesday, while other job hunters filled every available computer terminal in the room. Chisholm, a 48-year-old, college-educated man with five school ...
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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