Gresham Mortgage Rates and Information Online from competing Lenders

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Real estate roundup - Birmingham Business Journal
• Bank of America leased 5,219 square feet at the Oregon Trail Building, 333 S.W. Fifth Ave., Portland. Sean Turley of NAI Norris, Beggs & Simpson represented the owner, OTB LLC. • Provider Advantage N.W. Inc. leased 5,157 square feet at ...

Community banks on shaky ground - Portland Tribune
Certified as a community development bank, Albina Community Bank has access to special federal funds that target low-income communities enabling it to make loans for projects such as the Mississippi Avenue Lofts in North Portland. Albina CEO Bob ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. That has been the mantra of CEOs up and down Wall Street throughout this year’s financial crisis. Lehman Brothers Holdings’ Dick Fuld used ...

Matter of Records November 24 - Wichita Falls Times Record News
Target Nat’l Bank vs. Barbra Delany, 5105 Rock Point, $3,073.72, V3307 P44. Midland Funding vs. Tori Richerson, 4408 McCrory, $2,085.75, V3307 P46. Target Nat’l Bank vs. Becky K. Goolsby, 1610 Fillmore, $5,106.50, V3307 P54. Union Square FCU to ...

Gresham Computing Wins CAIB’s Prestigious Diamond Award - PR.com
Gresham Computing plc was the proud recipient of the Diamond Award from the Caribbean Association of Indigenous Banks (CAIB) at its annual conference November 12-15, 2007 in Georgetown, Guyana. This award recognizes organizations who have through ...

Gresham’s AutoLink faces investigation for consumer fraud - Portland Tribune
On Thursday, Oct. 30, Gresham police served search warrants at four locations associated with AutoLink, a car dealership that sells new and used cars, including this location at 22221 S.E. Stark St. Struggling financially after moving his wife into ...

Charity offers up $68M in mortgage rescue money - Batavia Sun
The John D. and Catherine T. MacArthur Foundation said Wednesday it is investing $68 million in grants and low-interest loans to stop foreclosures in Chicago neighborhoods, to help 10,000 households, prevent 2,700 foreclosures by 2010 and provide ...

Freddie Mac to Hank Paulson: $14 Billion Please… - US News and World Report
With all this talk about TARP spending , it’s easy to forget about the billions of dollars the government is on the hook for after its decision to seize America’s troubled mortgage-finance behemoths. Freddie Mac --one half of the government ...

Portland libraries open at 10 a.m., frustrating rush-hour commuters - Oregonian
Noelle Crombie/The Oregonian Eager voters find locked library doors this morning. Multnomah County's libraries don't open until 10 a.m. Next up: the Woodstock branch of the Multnomah County library, where we met up with Micah Kassell, 32. Kassell had ...

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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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