Quinn Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Democrats support FDIC loan plan - Washington PostWASHINGTON -- The head of the FDIC on Tuesday pressed again for more aggressive government action to help millions of home borrowers avert foreclosure, saying federal money is needed to ensure economic recovery. Federal Deposit Insurance Corp ...
NM Mortgage Finance Authority expands role during housing crisis - New Mexico Business WeeklyThe housing market has changed, and so has the role of the New Mexico Mortgage Finance Authority . The quasi-government/quasi-nonprofit has long helped New Mexicans obtain mortgages and spurred development of affordable housing statewide. It is still ...
Legal Boutiques Sue UBS, Citigroup as Large Law Firms Beg Off - BloombergNov. 19 (Bloomberg) -- When Michael McNicholas, legal counsel at HSH Nordbank AG in London, needed help suing UBS AG to recover $275 million in subprime mortgage losses, he didn't bother turning to the big London law firms for help. ``It's well known ...
2 House Democrats urge ethics changes - Boston GlobeAs House Speaker Salvatore F. DiMasi faces investigations on multiple fronts, two legislators proposed a package of ethics rules changes yesterday for members to address when they return to work in January. Adding a dose of political intrigue, the ...
Legal Boutiques Sue UBS, Citigroup as Others Beg Off (Update1) - BloombergNov. 19 (Bloomberg) -- When Michael McNicholas, legal counsel at HSH Nordbank AG in London, needed help suing UBS AG to recover $275 million in subprime mortgage losses, he didn't bother turning to the big London law firms for help. ``It's well known ...
Confront the deficits - Buffalo NewsIt might have been too much to hope that Tuesday’s special Legislature session or last weekend’s private meeting between Gov. David A. Paterson and Legislature leaders would produce agreement on how to balance the state’s tottering budget. But ...
Uncharted water - FreeportJournal StandardDespite a chaotic national economy and talk of a recession on the near horizon, local experts say this area’s banking industry has so far remained stable, with some facilities even experiencing an increase in consumer deposits. Even so, it is ...
Water is gone but Bonita flood victims fight to stay afloat - Naples Daily NewsTwo months after he packed his furniture into a moving truck and escaped to his grandmother’s house, he’s back in his living room, chain-smoking cigarettes on a plaid sofa and watching “Unsolved Mysteries” on TV. Since the flood, little else ...
Op-Ed: Could GE Collapse? - MSN MoneyCentralLowe's Companies Inc ( LOW ) Stock Quote , Chart , News , Add to Watchlist Editor's Note: James Quinn is a senior director of strategic planning for a major university. James has held high level financial positions with a retailer, homebuilder and a ...
Browns get kick out of win in Buffalo - Buffalo NewsInches from infamy, the only thing that stopped the Cleveland Browns from making unwanted history was another miss off the foot of a Buffalo kicker. In jeopardy of becoming the first NFL team to blow leads of at least 13 points in three consecutive ...
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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