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Eagle Eye Blogs - Daily Telegraph BlogsTags: Barack Obama , Hillary Clinton , Secretary of State So she has taken the plunge. The New York Times reports authoritatively that Hillary Clinton will give up her senate seat and accept the post of Secretary of State, the most powerful and high ...
Meltdown 101: What is mark to market accounting? - Reading EagleNEW YORK - In all the finger-pointing about the credit crisis, there's one unusual suspect: an accounting standard. Critics say the standard called "mark to market," or "fair value," is one cause of the nation's financial woes. Others contend that ...
Analysis: Obama Treasury choice could calm markets - Reading EagleThe presidential transition may be adding to the uncertainty roiling the financial markets. In fact, knowing the names on President-elect Barack Obama's economic team may prove more helpful in calming those stormy markets in the short term than ...
Faceless owners complicate efforts to reclaim properties - Eagle-TribuneLAWRENCE — When Lawrence CommunityWorks found out in April that the multifamily brick building at 121 Garden St. had been foreclosed on, the nonprofit group sought to buy it for affordable housing Phone calls to Deutsche Bank, listed as the owner ...
Haverhill woman's tale of housing woe offers view into global ... - Eagle-TribuneMarie Martinez rode the real estate wave for a decade, buying property worth, on paper, more than $1 million. Then she hit the rocks and lost everything. Martinez's story mirrors those of millions of Americans caught up in the real estate frenzy that ...
A new lease on ownership - Daily PressISLE OF WIGHT - For the Osbornes, it was the perfect time to buy a house. The price was right, they could benefit from a down-payment assistance program that expired in September — and they're expecting a baby. But what should they do about the ...
BMO reports quarterly earnings, Tuesday - Globe and MailCampbell Soup Co. releases first-quarter results. Analysts expect share profit of 76 cents (U.S.), up from 70 cents last year. Hewlett-Packard Co. reports on its fourth quarter. Analysts expect share profit of $1.01 (U.S.) in the fourth quarter, up ...
Young Russian boys find new family in America - Daytona Beach News-JournalORMOND BEACH -- Two backpack-toting brothers strolled up the driveway kicking pine cones on their way home from the bus stop after a day at Ormond Beach Middle School. Seventh-grader Sasha and eighth-grader Dimitry were greeted by their dad, Richard ...
Business people - Anchorage Daily NewsSummit Mortgage recently hired Colin Krieger as a mortgage loan officer. He has worked in the loan mortgage industry since 2003. He is a member of the National Mortgage Bankers Association, Anchorage Home Builders Association and Armed Services YMCA ...
Real estate loans harder to come by - Steamboat Pilot & TodaySteamboat Springs — Besides the obvious, there’s a very practical reason independent building contractors in Steamboat Springs aren’t in the planning stages for new spec homes to launch in 2009. “We’ve made every (spec house) loan request ...
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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