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Investors Hit BofA Loan Modifications - Wall Street JournalBank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. BLACKROCK MUNIYIELD ARIZONA FUND II INC. MZA 9.89 9.89 9.71 9.71 -0.41 -4.05 2,800 15.75 7.28 .68a 7.0 -24.4 BLACKROCK NEW JERSEY INVESTMENT ...
September 14 - September 21 (77) - Dakota Voice► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...
May 4 - May 11 - Dakota Voice► January 16 - January 23 (1) Fox News is reporting on a new Pulpit Initiative by the Alliance Defense Fund ( ADF ) to challenge the 50-year old restriction on political speech for tax exempt organizations. Conservative legal advocates are ...
Local connection stiffened Ellsworth's support - Evansville Courier-PressShaken by a telephone conversation 30 minutes earlier, Rep. Brad Ellsworth, D-Ind., joined a House majority Friday to approve a second version of the $700 billion financial rescue package. The first-term congressman had voted for an initial version ...
Aid coming for foreclosure-prone neighborhoods - St. Petersburg TimesTAMPA — The house on Emma Street, like so many others, is a snapshot of the nation's mortgage crisis. Once a promising investment, the place is buried in knee-deep piles of trash and occasionally home to vagrants. The city has condemned it. Gary ...
Congressional candidates debate in Vincennes - Washington Times-HeraldVINCENNES — In what could be classified as an undercard to the presidential debate, Eighth District congressional candidates incumbent Brad Ellsworth and Greg Goode dueled Tuesday in their only debate before Election Day. Before a sparse crowd at ...
Investors may fight Countrywide's rescue - Monterey County HeraldCHARLOTTE, N.C. — Countrywide Financial Corp.'s agreement last month, which requires it to relax the terms of some 400,000 mortgages, was good news for struggling homeowners. But a New York law firm says the settlement isn't fair to the people who ...
Grais & Ellsworth LLP to Brief Investors in Countrywide ABS on Cost to ... - PR NewswireNEW YORK, Oct. 22 /PRNewswire/ -- Grais & Ellsworth LLP, a New York litigation firm that represents investors in asset-backed securities, announced today a briefing for investors in securitizations of loans originated by Countrywide Financial ...
Accused foreclosure scam artist behind bars - KVBCIt's a housing scam so big investigators admit the cases they know about may be just the tip of the iceberg. A Las Vegas man is behind bars accused of preying on those who were about to lose their homes. He said he could save them from foreclosure ...
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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