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News about Mortgages:
Week in Review - Sunday, Nov 30 - Delaware OnlineSecret 'superchecks' let state police look at mental health records. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens ...
Birmingham Mayor arrested on bribery charges - Greenville NewsBIRMINGHAM, Alabama -- The mayor of Birmingham, Alabama's largest city, was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of bankruptcy ...
For SC family, life is free without debt - Spartanburg Herald-JournalROCK HILL - Travise Smith got fed up with being in debt and decided to do something about it. The first thing you should know about Travise is this: When she decides to do something, she's hard to stop. Like the time she packed up and moved from ...
Family touts debt-free lifestyle - Colorado Springs GazetteROCK HILL, S.C. • Travise Smith got fed up with being in debt, and decided to do something about it. The first thing you should know about Travise is this: When she decides to do something, she's hard to stop. Like the time she packed up and moved ...
Simmons, Pirates roll past UTEP 53-21 - FOX NewsGREENVILLE, N.C. — East Carolina had already locked up its spot in the Conference USA championship game and had little to gain in Friday's home finale against UTEP. Still, the Pirates sure didn't look like a team playing a meaningless game. Brandon ...
Fitch Takes Various Actions on LaSalle 2006-MF2; Assigns Outlooks - Businesswire.comNEW YORK--( BUSINESS WIRE )--Fitch Ratings takes various actions and assigns Outlooks on LaSalle Commercial Mortgage Securities Trust, series 2006-MF2 as follows: Fitch downgrades, maintains/and or removes from Rating Watch the following classes ...
Who's news: UW Health Fox Valley adds six physicians - Post-CrescentAPPLETON — UW Health Fox Valley Family Medicine has hired six new family medicine resident physicians to its primary care staff: Dr. Belis Aladag, who earned her medical degree from Ross University, Dominica, and an MPH degree from Johns Hopkins ...
Property Transactions - Daily Review & Sunday ReviewAlmer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...
The iceman cometh for naught - San Francisco GateThat would be the 91,000 tons of ice cubes intended to cool food, medicine and sweltering victims of the storm. It would cost taxpayers more than $100 million, and most of it would never be delivered. The somewhat befuddled heroes of the tale will be ...
Executive Items - Charleston Post & CourierCarol Slade has been named director of women's and children's services at Trident Medical Center . Previously she was manager for the pediatric and Level II nursery units at Trident. She has an associate's degree in nursing from Craven Community ...

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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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