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COURTS: Judge: Lender should have first dibs in condo foreclosure sale - Lockport Union-SunAn existing order by a state Supreme Court justice says the mortgage-holder on Victorian Village condominiums should have first dibs on the proceeds of any foreclosure sale. State Supreme Court Justice Ralph A. Boniello III already ruled that Graham ...
People in Business - Nashville TennesseanTennessee 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 ...
Scientology intruder had been in Lane jail - Register-GuardFLORENCE — Mario Jay Majorski, shot dead on Sunday by security guards at the Church of Scientology Celebrity Centre in Hollywood, was released from the Lane County Jail because of overcrowding two weeks ago, the same day he was arrested by Eugene ...
Erie County Real Estate Transactions - Buffalo News• 63 Fairlawn Drive, Edmund Karnofsky to Squire Shop Inc., $348,700. • 92 South Rockingham Way, GMAC Mortgage Llc to John F. Marcolini; Angela J. Marcolini, $340,000. • 248 Running Brook Lane, Drew A. Gundlach; Sandra L. Gundlach to Robert M ...
CITY OF LOCKPORT: Victorian Village lender moving to foreclose - Lockport Union-SunA mortgage holder on the failed Victorian Village condominium development is calling in his marker. A notice of a pending suit filed with the Niagara County Clerk’s office Nov. 12 reports Graham O. Jones loaned $500,000 to Lockport Condominium ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 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 ...
Violet Blue - San Francisco GateOn Craigslist New York, you could indeed say that a panic -- of the erotic kind, at least -- has a firm "grip" on Wall Street. One Casual Encounters ad headline reads, "RESESSION SEX: FULL SWAP." [sic] Another ad explains , "Perfect and easy way to ...
PROPERTY TRANSFERS: Nov. 17- 22, 2008 - Glasgow Daily TimesAubrey H. Carver, Aubrey Wayne Carver and Mae Dean Carver, 11.17 acres on Capitol Hill Road, to Aubrey Wayne Carver and Mae Dean Carver. David and Diana Saylor, 2 tracts on Bluff Springs Road, to Donny D. Wright, $76. Carla W. Allen, Master ...
In brief: F1 partnering has LG in the fast lane - IndependentShare Consumer technology firm LG Electronics is now a global tech partner of Formula 1. The association gives LG access to marketing rights as the official consumer electronics, mobile phone and data processor of Formula 1. CEOs predict drop in ...
Fed Commercial Paper Holdings Rise to $295.1 Billion (Correct) - BloombergNov. 28 (Bloomberg) -- The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades. Cash ...
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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