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Investec: time to batten down the hatches - ITWebInvestec hunkers down for the financial storm. [ Johannesburg, 14 November 2008 ] - As the world economy groans under the weight of the financial system meltdown, Investec ( JSE: INL ) is assuming a more defensive position, increasing capital ...
Makeover creates luxury student housing - Buffalo NewsMark Chason remembers clearly the moment that inspired his vision for the $100 million redevelopment of a World War II-era apartment complex in Cheektowaga.. “Wouldn’t it be great to have a college commons here?” the president of Chason ...
London rents tumble as family homes fail to sell - Gulf TimesLONDON: A huge glut of unsold London homes has sent rents tumbling by up to 20% since the start of the summer. Families that cannot sell their properties are instead becoming “amateur landlords” - but are finding that demand has dried up. Rents ...
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 ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. John Paulson: As the markets crumbled this year so have the fortunes of many hedge funds, but not all. Paulson & Co. is proving an exception ...
Toys for Tots Drop-off Sites - WBAY Green BayToys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. The deadline for dropping off ...
Driving in the dark is a concern on the Kensington - Buffalo NewsDrivers on the Kensington Expressway in Cheektowaga have found themselves in the dark, literally, as they travel eastbound between Harlem and Pine Ridge roads. “I drive this stretch every morning and every evening, and with daylight getting shorter ...
Must-have nanny now a luxury item - Detroit Free PressNEW YORK -- Casey Rishavy has contacted agencies, posted ads on Web sites and approached families she sees with small children on the beach. But no one seems to be looking for a full-time, live-in nanny. "It's very frustrating," said Rishavy, 20, of ...
New stores are still opening, but will people risk opening their ... - Times OnlineHouseholds are gearing up for a bargain basement Christmas as the credit crunch triggers some of the worst conditions on the high street for 35 years. Despite the opening of a new generation of mammoth shopping centres in Bristol, Liverpool and ...
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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