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Bullish view on Merrill's future - Philadelphia InquirerMerrill Lynch & Co. Inc., a central player in the nation's credit turmoil during the last year, has learned its lessons and will remain independent despite what is likely to be an unprecedented global consolidation in financial services. That's the ...
What the rates cut means for you - News.com.auEmail article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? WHAT does the Reserve Bank cut mean for you, and what are the repercussions for the economy? Nick Gardner investigates ...
Wayne T Gilchrest - Baltimore SunIt should come as no surprise that Rep. Wayne T. Gilchrest is supporting Democrat Frank M. Kratovil Jr. in the 1st District congressional race ("Gilchrest backs Kratovil for House," Sept. 3). Mr. Gilchrest won his elections as a Republican but often ...
NSW revenue dip due to rate rises :Swan - ninemsnThe economic dive in NSW is the result of 10 consecutive interest rate rises, Treasurer Wayne Swan says. New NSW Premier Nathan Rees has warned that cutbacks in areas such as capital works would be necessary to address the state's revenue crisis. Mr ...
Housing crisis upends kids' lives - Akron Beacon JournalElissa Hines sat in her living room, petting her pooch, Caden, and chatting. Upstairs, the kids were stuffing their possessions into cardboard boxes. Five years ago, when the young mother moved into the spacious North Hill home, she planned on ...
Top Gear on the road to global domination - Guardian UnlimitedIt is a television phenomenon that is set to become Britain's latest lucrative cultural export, a specialist show that reinvented itself as mainstream family entertainment, winning a Sunday-night audience measuring more than eight million. Top Gear ...
Don't be quick to fix loans as rates to keep dropping - News.com.auVICTORIAN house hunters have been given a new headache with last week's interest rate cut leaving them tossing up between fixed and variable loan deals. First-home buyers and those wishing to re-finance have been forced to look hard at the fine print ...
Payrolls drop nationally, unemployment at 6.1% - Evening Star(Bloomberg) - The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five-year high of 6.1 percent, a sign that the economic slowdown is worsening two months before Americans elect their next president. Payrolls fell ...
Detroit mayor ends sex scandal with deal to leave office - Houston ChronicleDetroit Mayor Kwame Kilpatrick sits in Wayne County Circuit Court in Detroit today. DETROIT — Mayor Kwame Kilpatrick was bounced from office Thursday in a deal with prosecutors that will send him to jail and put an end to the sex scandal that ...
Cockrel: Kilpatrick can stay longer in Manoogian - Detroit NewsDETROIT -- After a day of conflicting statements, City Council President Kenneth V. Cockrel is now willing to give more time for Mayor Kwame Kilpatrick to move out of the Manoogian Mansion once he resigns, a Cockrel aide said late Friday afternoon ...

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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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