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WaMu to lay off 3,400 in Seattle; bank to empty most of its leased ... - Seattle TimesWashington Mutual employees return to corporate headquarters in downtown Seattle after attending a meeting Monday across the street with JPMorgan Chase CEO Jamie Dimon. About 3,400 corporate employees will lose their jobs. In a mass layoff that also ...
Former WaMu facility in Albion escapes Chase cuts - Democrat and ChronicleThe Washington Mutual call center in Albion, Orleans County, will stay open even as the new corporate parent, JPMorgan Chase & Co., makes cuts in other parts of the combined companies' operations. JPMorgan Chase officials made the announcement today ...
JPMorgan to keep ex-WaMu center open - Buffalo NewsOrleans County breathed a major sigh of relief Monday, as JPMorgan Chase & Co. announced that the former Washington Mutual customer service center in Albion will stay open with full staffing. The announcement means 800 workers will keep their jobs at ...
Workers fight just to get by as credit crunch bites - News.com.auNearly two million workers have fallen behind in paying their mortgage and credit card debts, reinforcing fears that Australia will be hard hit by the global meltdown. Eleven months after Labor's election victory, millions of workers also remain ...
Michigan writer dies at 44 - Detroit Free PressTRAVERSE CITY -- A local writer whose struggles with a paralyzing neurological condition and subsequent inability to work launched a fund-raising campaign to help save her home has died at the age of 44. Lori Hall Steele died Wednesday in Howell ...
Brisbane cultural map shows social trends, birth rates - News.com.auMOGGILL is Brisbane's baby factory, Taringa residents like to take the train to work and Burbank has the most three-car households in the city. These are among the details to be found in a new series of community snapshots, posted on the Brisbane ...
Friedel frustrates Man U as Villa draws 0-0 - FOX NewsLONDON — American goalkeeper Brad Friedel equaled the Premier League's consecutive appearance record Saturday, making another stellar performance for Aston Villa and frustrating defending champion Manchester United in a 0-0 draw. Friedel, who ...
Football at risk from Lord Triesman, man with more blather than ... - Times OnlineFor a guy sitting on £341.5 million of someone else’s money, Lord PleasedMan, formerly known as Lord Triesman, the chairman of the FA, is rather smug on the subject of football debt. While conveniently advancing an agenda of allegiance to those ...
Road to recession - Belfast TelegraphIt began with the banks. Then house prices began to tumble. In the months that followed, the shock waves spread, engulfing first high streets, then factories – and thousands of jobs. In this gripping account, Paul Vallely travels across Britain to ...
Recession - the domino effect: Share YOUR story - The IndependentIt began with the banks. Then house prices began to tumble. In the months that followed, the shock waves spread, engulfing first high streets, then factories – and thousands of jobs. In this gripping account, Paul Vallely travels across Britain to ...
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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