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News about Mortgages:
Refer to a friend - PR InsideHarland Financial Solutions announced today that MainSource Financial Group (NASDAQ: MSFG) recently licensed its Encore!® and Touché® Analyzer" applications. The $2.5B asset-sized, community-based Greensburg, Ind., bank holding company selected ...
MainSource Financial Group Selects Harland Financial Solutions ... - EarthtimesLAKE MARY, Fla. - (Business Wire) Harland Financial Solutions announced today that MainSource Financial Group (NASDAQ: MSFG) recently licensed its Encore! ® and Touché ® Analyzer ™ applications. The $2.5B asset-sized, community-based Greensburg ...
Pence's Promotion Signals Republican Return to Reagan Roots - BloombergNov. 21 (Bloomberg) -- Representative Mike Pence says the Republican Party doesn't need new ideas: It needs to reconnect to old ones. The Indiana lawmaker, elected Nov. 19 to the No. 3 House Republican leadership job, says only the limited-government ...
Business news briefs - Pittsburgh Post-GazetteDick's Sporting Goods Inc. is lowering fiscal-year earnings estimates and this holiday is bracing for a 6 percent to 10 percent drop in sales at established stores. The Findlay retailer reported a 2.8 percent same-store sales drop in the quarter ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) They both served in the Continental Congress. One was elected the second President and the other was elected the third. Once political enemies, they became close friends in later life. An awe swept America when they ...
FEMA relents on rent - Pratt TribuneResidents of FEMAville, the temporary community of FEMA mobile homes in Greensburg, received welcome news this past week in the form of a letter from the agency explaining the rent they’ll be paying for continuing to live there has been drastically ...
Earnings roundup: Mercury General, Simon Property - CNBCLOS ANGELES (AP) — Auto insurer Mercury General Corp. said Monday it swung to a loss in the third quarter, as it paid out more in claims and expenses than it received from writing new premiums. INDIANAPOLIS (AP) — Simon Property Group Inc., which ...
Events in Westmoreland County - Pittsburgh Post-GazetteAcclaimed poet Philip Terman shares his work in the campus coffeehouse tonight. Terman's collections of poetry include "Rabbis Of The Air", "Book Of Unbroken Days" and "The House Of Sages". Two senior Pitt-Greensburg Writing majors --- Mary Stolarik ...
Daily backgrounder - Oct. 15 - Akron Beacon JournalWall Street ended a relatively calm session Tuesday with a moderate loss as investors, while pleased with the government's plans to spend $250 billion to buy stock in private banks, decided to cash in some of their profits from the previous day's ...
A popular show seen on KAKE will soon be shooting an episode in Kansas ... - KAKE TVExtreme Makeover: Home Edition is in the process of choosing which one of five families who lost a home in the June 11th tornado will get a brand new home. Chapman City Attorney Doug Thompson says no one in the community will know who the lucky ...
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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