Pikeville Mortgage Rates and Information Online from competing Lenders

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Obituaries in the news - Las Vegas Sun
LOUISVILLE, Ky. (AP) _ Tom Gish, who shone the spotlight on corruption and environmental degradation in his corner of southeastern Kentucky as an award-winning publisher of The Mountain Eagle of Whitesburg for a half-century, has died. He was 82. His ...

Pikeville bank reports loss - Lexington Herald-Leader
Pikeville-based Community Trust Bancorp reported a third-quarter loss Wednesday because of the federal takeover of mortgage brokers Freddie Mac and Fannie Mae. Other publicly owned Kentucky banks that hold Freddie Mac or Fannie Mae securities also ...

Homeless female veterans find few options to get help - Houston Chronicle
DAYTON, OHIO — When Carisa Dogen looks back on her life of 38 years, it's easy to see where she lost her way: She left her hometown of Dayton at 15 and moved to Kentucky, where she graduated from high school and enrolled in electronics school. But ...

Could You Get Another Stimulus Check? Save Email Print - WKYT 27
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there's a risk the country's economic weakness could last for some time. Bernanke's remarks before the House ...

Business Notes - Lexington Herald-Leader
Versailles-based engineering company to open W.Va. office A Versailles-based engineering company that provides technical services to the oil and natural gas industry plans to open an office in West Virginia. Energy Management Services Co. said ...

Housing shortage for female veterans - Army Times
DAYTON, Ohio — When Carisa Dogen looks back on her life of 38 years, it’s easy to see where she lost her way: She left her hometown of Dayton at 15 and moved to Kentucky, where she graduated from high school and enrolled in electronics school ...

Uncertainty lies ahead; local banks remain calm - Richmond Register
“I’m shocked,” said Dr. Fred Ruppel, interim chair of Eastern Kentucky University’s economics department, after the U.S. House of Representatives on Monday rejected by 23 votes a bi-partisan bill aimed at restoring confidence in the nation ...

Community Trust Bancorp, Inc. Reports Results of Operations for the ... - StreetInsider.com
October 15, 2008 9:20 AM EDT PIKEVILLE, Ky.--(BUSINESS WIRE)--Community Trust Bancorp, Inc. (NASDAQ: CTBI): Earnings Summary 9 9 (in thousands except per share 3Q 2Q 3Q ...

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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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