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Public Notices - Columbia StarNOTICE OF APPLICATION Notice is hereby given that Shanon Davis dba Big Country's Bar-b-que & Convenience intends to apply to the South Carolina Department of Revenue for a license/permit that will allow the sale ON/OFF premises consumption of Beer ...
Big Three on the brink - Politico.comSenate and House hearings that begin Thursday could make or break the American auto industry and pose a major test of whether the White House and the incoming Obama administration can work together to save the companies from collapse. The stakes are ...
Dems Give White House Ultimatum on Auto Bailout - ABC News BlogsABC News' Z. Byron Wolf Reports: Democrats sent a clear message to the White House tonight - make some of the $700 financial industry bailout money available to the domestic auto industry or else. And they want an answer by Friday. Auto makers ...
Atlanta Journal-Constitution - Atlanta Journal ConstitutionThe entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...
How to prepare for an impending layoff - MSNBCThe numbers are grim enough to make anyone wince. Last month the unemployment rate in the United States reached 6.5 percent, its highest level in 14 years. Even worse, many economists are predicting that the jobless rate will climb all the way to 8 ...
Time to nurture our trade relations, both old and new - Globe and MailPollsters report that Barack Obama is much more popular among Canadians than in the country where he has been elected President with 52 per cent of the popular vote. But after the adulation of Canadians turns to economic reality, will the Democratic ...
Let Detroit suffer its fate - Atlanta Journal ConstitutionLet Detroit die. Management and the United Auto Workers Union made this bed. Washington can’t save them. Somebody will make automobiles that Americans will buy and whether it’s General Motors, Ford and Chrysler or some other combination of ...
Members Can Earn Double Rewards Points on Everyday Purchases Made ... - Businesswire.comOREM, Utah--( BUSINESS WIRE )--With the holidays fast approaching and prices skyrocketing for ordinary purchases like food, clothing and fuel, many consumers are looking for ways to make their dollars stretch further. Family First Federal Credit ...
The bigger their egos, the harder we fall - Globe and MailOTTAWA -- The most provocative part of Alan Greenspan's apology last week for the meltdown of the global markets was the egocentric nature of it. "This crisis has turned out to be much broader than anything I could have imagined," he told a House of ...
Wilkerson won't resign, despite Senate's request - Boston GlobeThe usually collegial state Senate todday shunned one of its own, unanimously passing an extraordinary resolution asking Democratic Senator Dianne Wilkerson to resign immediately following the allegations that she accepted eight bribes worth $23,500 ...
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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