Mclennan Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Mortgage banking lobbyist joins insurance fight - ReutersWASHINGTON (Reuters) - A leading lobbyist for mortgage bankers who fought to keep delinquent homeowners from seeking refuge in bankruptcy court is opening the first government-affairs shop for a large insurance company. Erick Gustafson has left the ...
UPDATE 2-MOVES-BNP Paribas, Deutsche, Marsh & McLennan - ReutersNEW YORK, Sept 11 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, please send an e-mail to moves@thomsonreuters.com. MARSH & MCLENNAN (MMC.N: Quote , Profile , Research ...
Mortgage Crisis Hitting Home - KWTX(September 18, 2008) - More Central Texans are losing their homes, according to a new report that indicates foreclosures in McLennan County and Bell County are way up, and one expert says the worst may still be to come. According Foreclosure Listing ...
Berkshire Hathaway Shares Down 5% As Barron's Says Sell, But Bulls See ... - CNBCCompanies: American Express Co | Wells Fargo and Co | American International Group Inc | Marsh and Mclennan Companies Inc | Berkshire Hathaway Inc. Berkshire Hathaway shares closed down 4.6 percent today (Monday) at $136,400 after a cover story in ...
Long-term investments seem murky for Brandes - San Diego Union-TribuneBut at a time when some of the top financial firms on Wall Street are going bankrupt, seeking government bailouts or offering themselves up for sale, the short-term outlook on those long-term investments seems increasingly murky these days. Brandes ...
Most N.C. leaders wary about bailout - News 14RALEIGH -- North Carolina congressional leaders say have mixed feelings about the government's plan to buy up bad mortgage loans. The plan calls for taxpayers to hand over $700 billion to banks and other financial institutions. Peace College ...
Putnam investment chief Kevin Cronin resigns - ForbesThe head of investments at mutual fund company Putnam Investments resigned Tuesday. The resignation comes five days after Boston-based company shut down one of its money market funds amid the market turmoil of last week. Kevin M. Cronin, 47, senior ...
Sector Snap: Insurance stocks mixed ahead of Ike - ForbesShares of major insurance companies traded mixed Wednesday, as investors remain concerned about whether American International Group Inc. has adequate capital reserves. The course of Hurricane Ike was also being closely watched as it continues to ...
Lobbying World - Thehill.com• Andrea “Andie” King has joined the Gephardt Group as executive vice president. King served as a domestic policy adviser to House Minority Leader Richard Gephardt (D-Mo.) for 18 years before heading into the private sector. Prior to joining ...
Site Presented By - SalonCould anything be more comforting, in financial terms, than the words "assured guaranty" coming from an insurance company? Some might call the phrase redundant -- doesn't a guarantee already imply a certain level of assurance? But still, in uncertain ...

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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