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AP IMPACT: They warned us, but US eased loan rules - Associated Press
WASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...

TransUnion: 3Q mortgage delinquencies shoot higher - CNBC
NEW YORK - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of people ...

ANALYSIS: Looming financial crisis was ignored by Bush administration - Columbia Missourian
WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Columbia's housing, job market discussed at Economic Outlook ... - Columbia Missourian
COLUMBIA — Columbia's housing market is "nowhere near meltdown stage," but its health will depend on consumer confidence and creating new jobs. That was the message delivered on Tuesday by Robert Wolverton, president of R. Anthony Development Group ...

Morning headlines - WTGV
Just before midnight, a six-car accident shut down portions of I-75. The accident happened in the northbound lanes near the Anthony Wayne Trail, but crews shut down southbound lanes to get to the scene. We're told no one was injured. We are also told ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

ARAB BUSINESS SEARCH - Nashra USA
Type [All Categories] Accounting Advertising Agency Air Cargo And Package Air Conditioning Air Lines Alarm Systems Appraisals Arab Airlines Attorneys Automobiles Bakeries Banks Beauty Salons Book Stores Bridal Broadcasting / Video / Audio Butchers ...

Review claims U.S. ignored warnings about economy - Ledger-Enquirer
– All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota ...

People in Business - Nashville Tennessean
Tennessee State Board of Accountancy has announced candidates who are Nashville residents who passed the Uniform Certified Public Accountant examination: James N. Lane, April L. Mitchell and Chandar A. Reed of Antioch; Robert A. Argo, Amy E. Mitchell ...

First American CoreLogic Releases Fourth Quarter 2008 Core Mortgage ... - StreetInsider.com
-- Core Mortgage Risk Index 54 Percent Higher Compared to 2002 Base Year as Economic Conditions Drive Geographic Expansion of Risk -- SANTA ANA, Calif., Nov. 26 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American ...

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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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