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Durable goods rise lifts markets - Bennington BannerNEW YORK (AP) — Wall Street posted a big advance after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy is stronger than many investors thought. The Commerce Department ...
Stocks mixed again on Gustav concerns - Bennington BannerNEW YORK (AP) — Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about rising inflation added ...
Motorists with insurance end up paying more - WOWTMore than 20 drivers a day in Omaha are caught and later convicted of driving without insurance. The numbers indicate chances are good you could be in an accident caused by someone unable to pay for damages or medical bills. A Christmas Eve crash ...
police blotter - Salina JournalMARRIAGE LICENSES -- Francisco Ayala, 22, and Maria G. Duran, 23, both of Concordia; Christopher W. Skelton, 27, and Jenina M. Strader, 23, both of Salina; Christopher A. Fritz, 26, and Jennifer Ann Marie Henderson, 26, both of Gypsum; Robert A. Bade ...

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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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