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Thanksgiving Day: Economy rains on US parade - Guardian UnlimitedOn the surface, the Thanksgiving celebration in America passed off with its usual mix of exuberance and homely certainties. Up to 3 million people lined Broadway in Manhattan to watch the Macy's parade while many more did the holiday dash to be with ...
Family seeks answers, aid months after flood - Beacon NewsPLANO -- So many people have told the Lewis family to just give up and start all over again. But to Brian and Angie Lewis and their seven children, starting over begins when they get their home back. Two months ago, the heavy rains that socked the ...
Months later, Fay still lingers - TradingMarkets.comMichael and Lori Hark hoped they could protect their house by building a dirt berm and piling more than 2,000 sandbags on top of that. But on Aug. 27, several days after the rains had moved on, accumulating floodwater collapsed the berm. Their home ...
Months later, Tropical Storm Fay still lingers - Orlando SentinelIt's been more than three months since Tropical Storm Fay drenched Central Florida, leaving a trail of flooded homes and washed-out roads. The water's gone, but as the hurricane season concludes, disrupted families are still trying to figure out what ...
UPI NewsTrack TopNews - United Press InternationalPaulson: No magic bullet for the economy WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so. At a news conference to ...
European stocks down on profit-taking - SalonNov 26th, 2008 | LONDON -- European stock markets fell Wednesday as investors booked recent profits despite further advances on Wall Street and most Asian markets. Expectations that the European Union will call on its 27-members to boost spending by ...
Teresa Hunter: Tweedledum and Tweedledee fight over our future - Scotsman.comWITH the Government poised to give away billions to help families survive the economic storms ahead, Gordon Brown and David Cameron, like Tweedledum and Tweedledee, agreed to have a battle. One way or another, there's an election looming before this ...
Matter of Records November 24 - Wichita Falls Times Record NewsTarget 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 ...
'It hit everybody' - Hutchinson NewsMost were just children at the time, coming of age amid the Great Depression. But the images of growing up poor during the worst economic times of the nation's history have stayed with this generation of Kansans all of their lives. Dust storms ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
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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