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Business openings for Galveston County - Galveston County Daily News
WHO: 3-Share Plan WHAT: Health benefits program WHERE: UTMB clinics in Texas City, League City and Friendswood; and UTMB Island clinic on Stewart Road in Galveston CALL: 866-607-0108 WHO: A B Sign Shop WHAT: Signs, banners, wide format printing, etc ...

Names and notes in business - Grand Rapids Press
Dr. Julie Forstner was appointed to lead the Cancer Center at Metro Health Village by the University of Michigan Health System. She also will serve as assistant professor of radiation oncology. Wanda McCallum joined Owens-Ames-Kimball Co. as office ...

Russia Wiped Off the Books - Kommersant
American banks have begun a new wave of closures of correspondent accounts of Russian banks due to the need for monitoring payments for money laundering. As a result, the majority of Russian banks will be forced to work only through Russian state ...

Real estate transfers: Nov. 17 - Knoxville News Sentinel
Provision Properties LLC to East Tennessee Healthcare Development LLC, in Dowell Springs subdivision, $2,138,600. Kamilia Kozlowski to East Tennessee Healthcare Development LLC, in Dowell Springs subdivision, $1,590,426. About Face Properties LP to ...

Erie County Real Estate Transactions - Buffalo News
• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...

Ovechkin stars in Capitals' win over Ducks - Buffalo News
Alex Ovechkin is dangerous enough when the Washington Capitals are at even strength. Having him on the power play is tantamount to piling on. The reigning NHL MVP scored with the man advantage to extend his goal streak to five games and added three ...

November 2008 - Posts - MSNBC Firstread
For the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...

Inside Holyrood - Tartan-tinted specs of political award judges blur ... - Scotsman
LAST week, much of Scotland's political elite, lobbyists and journalists got together for what might be their last free drink of the recession. And as the champagne flowed, the question asked at the Scottish Political Awards was what had the judges ...

Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island Advance
Advance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...

Barack Obama is warned to beware of a ‘huge threat’ from al-Qaeda - Times Online
Barack Obama is being given ominous advice from leaders on both sides of the Atlantic to brace himself for an early assault from terrorists. General Michael Hayden, director of the CIA, this week acknowledged that there were dangers during a ...

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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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