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Fitch Affirms Merrill Lynch Mortgage Trust 2008-C1; Assigns Outlooks - EarthtimesCHICAGO - (Business Wire) Fitch Ratings affirms the following classes of Merrill Lynch Mortgage Trust 2008-C1 and assigns Outlooks as follows: --$16.9 million class A-1 at 'AAA'; Outlook Stable; --$55.6 million class A-2 at 'AAA'; Outlook Stable ...
Mortgage Expert David M. Damaré Celebrates Joins Forces with American ... - Carolina NewswireWhile the American real estate and mortgage lending industry has experienced a slump over the last few months, mortgage expert David M. Damaré joins forces with American Dream Residential- Andy May Group, LLC and has actually seen continued growth ...
Columbia Bank is an Approved FHA Mortgage Lender - EarthtimesFAIR LAWN, N.J. , Nov. 21 /PRNewswire/ -- Columbia Bank today announced that it has begun accepting applications for Federal Housing Administration (FHA) Residential Mortgage Loans within New Jersey . As an approved FHA lender, Columbia Bank has been ...
Mortgage meltdown results in pets going to pound - CNNMIAMI, Florida (CNN) -- Furry signs of a down-trending economy peer dolefully from every kennel at the Broward County Humane Society shelter in Florida and hundreds of others across the country. Bentley was given up by his owners because they could ...
LandAmerica Moves Forward - EarthtimesAuthor : LandAmerica Financial Group, Inc. RICHMOND, Va. , Nov. 21 -- LandAmerica Financial Group, Inc. (NYSE: LFG) announces that the merger agreement previously executed on November 7, 2008 with Fidelity National Financial, Inc. ("Fidelity") has ...
Congress may have to approve a 'TARP 2,' economist says - Bloggingstocks.comWith credit markets remaining under stress, and with uncertainty growing regarding the status of megabank Citigroup (NYSE: C ), the U.S. Congress may have to take more action to maintain financial system stability and prevent the U.S. economy from ...
Gas prices in United States dip below US$2 a gallon as oil prices ... - Edmonton SunHOUSTON - Only four months after peaking at an unheard of US$4.11 a gallon, the national average price for gasoline in the United States tumbled below $2 Friday, its lowest point in more than three years. Yet the global economic contrast between then ...
State regulators shut failed bank in Georgia - PR InsideWASHINGTON (AP) - Georgia state regulators on Friday shut down The Community Bank, the 20th failure this year of a federally insured institution in the United States. The Federal Deposit Insurance Corp. was appointed receiver of the bank, located in ...
On Native Ground - American ReporterDUMMERSTON, Vt. -- I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply ...
ARAB BUSINESS SEARCH - Nashra USAARAB BUSINESS SEARCH Join the most popular Arab search in United States, Canada and the Arab World. Post your information at www.arabmedia.com.
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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