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Fuel prices drive a corner shop revival - News.com.auTHE corner shop is going through a renaissance, being reinvented as upmarket one-stop shops, as struggling households shy away from driving to mega malls because of high fuel prices. Shoppers are opting to leave their cars at home and walking to ...
London Luxury-Home Prices Post First Drop Since 2003 (Update1) - BloombergAug. 29 (Bloomberg) -- Luxury-home prices in central London, the world's most expensive location for prime real estate, had their first annual decline in five years as buyers were deterred by the prospect of a recession. The average price of houses ...
London luxury home prices decline - Turkish Daily NewsLuxury-home prices in central London, the world's most expensive location for prime real estate, had their first annual decline in five years as buyers were deterred by the prospect of a recession. The average price of houses and apartments in London ...
Super rich detached from property slump, says Knight Frank - Daily TelegraphLondon's luxury homes worth more than £10m have become "completely detached" from the slowdown in the main market, according to estate agent Knight Frank. Properties under £10m are now falling alongside the rest of the market Super-rich hedge fund ...
Up Next - CBS NewsOBAMA - BIDEN '08 - In their first interview together as running mates, Sen. Barack Obama and his choice for vice-president Sen. Joseph Biden discuss their roles and strategies for the upcoming presidential election. Steve Kroft reports. L. Franklin ...
Financials help steady FTSE - Financial TimesFinancial stocks helped London equities to small overall gains on Thursday, with investors once more betting that the sector looked undervalued. The FTSE 100 rose 15 points to 5,542.9, with mining stocks limiting wider gains as hopes for bid activity ...
August 2008 - Posts - MSNBC FirstreadTed Stevens , the grand-daddy of Alaskan politics, has a wary relationship with the new Republican VP pick -- Alaska Gov. Sarah Palin . When Palin was running for governor in 2006, she ousted long time Alaska fixture Frank Murkowski in a hard fought ...
Ala. governor in talks over county debt crisis - Buffalo NewsGov. Bob Riley negotiated with creditors Friday over whether Alabama's largest county should seek a deal on its $3.2 billion sewer debt or file the largest bankruptcy in U.S. history. The meeting - held at the Capitol in Montgomery between the ...
McCain V.P.: It’s Palin - New York Times BlogsGov. Sarah Palin of Alaska with Senator John McCain in Ohio on Friday. (Photo: Jim Wilson/The New York Times) 4:10 p.m. | Clinton’s Statement: Senator Hillary Rodham Clinton released the following statement: “We should all be proud of Governor ...
Possible vice president Tim Pawlenty clears his schedule, raises ... - Los Angeles Times BlogsMinnesota Gov. Tim Pawlenty -- who has frequently been mentioned as a possible running mate for John McCain -- abruptly canceled his afternoon interviews with reporters in Denver today. Pawlenty, a loyal McCain surrogate, has spent the last several ...

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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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