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No break in housing slump - Colorado Springs GazetteHousing construction in El Paso County remained mired in a deep slump in November. Single-family building permits fell to the lowest monthly total in more than 17 years and mortgage foreclosures continued climbing at a record pace. Single-family ...
Cheer & jeer - El Paso TimesHome, sweet home -- El Paso doesn't seem to be doing too badly when it comes to home prices -- especially considering the catastrophic problems being experienced in other markets. In a mildly unusual comparison, El Paso ranked as the 39th-most ...
State foreclosures drop third quarter - Denver PostNov 30: Bailout unknowns abound Guzzler sales making U-turn Nov 26: Weak economy tops deficit as No. 1 priority Feds vow billions more to aid credit Specifics gathered for pitch on autos Revision shows bigger third-quarter shrinkage Nov 25 ...
Waterfall Plunges Mean Market Bottoms - ForbesIf this isn't a second Great Depression, then the market has bottomed. So said the top money managers from across Legg Mason 's retail, institutional, equity and debt divisions at Legg's year-end investment conference at New York City's Palace Hotel ...
Couples staying together because of poor economy - El Paso TimesNancy Partridge and her ex-husband, David Snyder, pose outside the home that they share in Westminster, Colo., on Tuesday, Dec. 2, 2008. The pair divorced in January after six years of marriage but when the house failed to sell and Partridge ran out ...
Teague leads Wake Forest past UTEP 82-79 - FOX NewsANAHEIM, Calif. — Jeff Teague capped a 29-point performance by making two free throws with 14 seconds remaining, leading No. 19 Wake Forest to an 82-79 victory over Texas-El Paso in the 76 Classic on Friday. James Johnson added 18 points and Al ...
Other shoe is dropping - Las Vegas SunThe nation’s economy sank again this week after the Commerce Department reported that sales of new homes fell in October to the lowest point in 18 years. But even worse news, concerning commercial properties, is just ahead, according to reporting ...
County could - Blueridgenow.comTo The Editor: The county decreed that Kim Kappler must pay boarding costs capped at $14,000, release costs of $147, and medical costs of $435.74. In coming to this decision, did the county consider all of the money she saved them over the years by ...
Their dreams shattered, investors left to wonder - Las Vegas SunWhen Luis Rojas cashed in his $52,000 pension fund annuity in 2005, he thought he had found the perfect investment that would allow him and his wife to lead comfortable lives in retirement. The 68-year-old former waiter poured his pension into HSLV ...
Migrants Return to Mexico For the Holidays With Less - FOX NewsNov. 27: Jose Moreno, from Mexico's Zacatecas state, leans on a friend's truck as he waits for his friend. Nov. 27: Jose Moreno, from Mexico's Zacatecas state, leans on a friend's truck as he waits for his friend. CIUDAD JUAREZ, Mexico — Nearly 1 ...
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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