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Scottish retailer folds with loss of 817 jobs - The IndependentThe retail sector took another battering yesterday as the Glasgow-based group Bowie Castlebank called in the administrators and cut 817 jobs. Another 847 staff are facing an uncertain future after Bowie, the Scottish retail group behind Klick ...
Nation: Birmingham Mayor Charged With Bribery - Street.ComJefferson County's bonds went sour as the mortgage crisis hit and banks tightened up on lending, sending credit costs for the bonds skyrocketing. Related Articles Search for Geithner Replacement Begins Obama Continues Filling Out Team Obama Taps ...
Feds arrest Birmingham Mayor on bribery charges - WTOP RadioBIRMINGHAM, Ala. (AP) - The mayor of Alabama 's largest city, Larry Langford, was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of ...
Birmingham Mayor - Meridian StarBIRMINGHAM, Ala. (AP) — The mayor of Alabama's largest city, Larry Langford, was arrested Monday on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes that paid his debts for flashy clothes ...
FBI Arrests Birmingham, Ala. Mayor - WCCOBIRMINGHAM, Ala. (AP) ― The mayor of Alabama's largest city, Larry Langford, was arrested Monday on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes that paid his debts for flashy clothes ...
Feds arrest Birmingham, Ala., Mayor on bribery, fraud, other charges ... - Minneapolis Star TribuneObama announces Clinton, Gates for Cabinet Minnesota could lose a House seat in 2010 census Rep. Lowey not interested in Clinton's Senate seat Bush lauds progress in global fight against AIDS Bush: `I'm sorry' the economic crisis is occurring ...
Guidelines urge curbs on chief executive's pay - San Francisco GateInstitutional investors, outraged over the giant pay packages chief executives are getting as they receive taxpayer bailouts for their troubled companies, are looking for tougher pay policies at all public companies, according to a leading adviser to ...
Birmingham Mayor Larry Langford Faces Bribery Charges (Update1) - BloombergDec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...
Potomac Confidential - Washington Post• Sports : Thomas Boswell, 3 Fisher was online Thursday, Dec. 4, at Noon ET to look at the District's decision to open bars till 5 a.m. during Inauguration Week, the sad state of car sales in the area and the federal government's green light for ...
Birmingham Mayor Larry Langford arrested on federal charges - Everything Alabama BlogJoe Songer/Birmingham News Birmingham Mayor Larry Langford. Birmingham Mayor Larry Langford was arrested this morning on federal charges and is being held at the federal courthouse, the FBI and other federal officials confirm. See documents and past ...
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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