Benton Mortgage Rates and Information Online from competing Lenders

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News about Mortgages:
Financial News
Your Money: Boardwalk Mortgage Group - KATV
The ripple effects of the mortgage industry meltdown has taken down Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac - who knows who is next? It took many years and lots of deals to get to this point. That fact is being played out today in a ...

On the job - Northern Colorado Business Report
Destiny Lending in Loveland has hired Mikell Benton and Sherri Knott as loan officers, Diane McCaw as an underwriter and Jake Fajardo as a reverse mortgage specialist. Michael Rusnak has joined the Orthopaedic Center of the Rockies as a trauma ...

Lemons, But No Lehman Aid Who gets a government bailout? - Slate
Wall Street is consumed with the subject of bailouts. As analysts chewed over the implications of the government's decision to assume the debt of ailing mortgage giants Fannie Mae and Freddie Mac, traders (and their real-estate brokers) wondered ...

Ex-Credit Suisse brokers accused of subprime fraud - Times Online
Two former Credit Suisse brokers each face a $5 million fine and up to 20 years in jail after being charged with fraudulently selling complex US securities to clients in order to boost their commissions. Julian Tzolov, 35, and Eric Butler, 36, were ...

Letter: Obama, Democrats share in blame for fiscal meltdown - Salem News
In his Friday column, Nelson Benton wrote that "Democrats will be seeking to take advantage of Republican presidential candidate John McCain's deregulatory fervor in the weeks ahead." No doubt the Democrats will try to blame McCain for this financial ...

Top 20 Beer Drinking Countries - CNBC
Lehman Brothers' bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court. Two former Credit Suisse brokers were charged on Wednesday with fraud and ...

Takeovers of AIG, Fannie and Freddie raise business and political ... - Los Angeles Times
By agreeing to bail out insurance giant American International Group Inc. and mortgage lenders Fannie Mae and Freddie Mac, the federal government has put itself in the unprecedented position of running huge private companies. In the case of American ...

Prosecutors Are Expected to Spare Wall St. Firms - Washington Post
Justice Department officials yesterday vowed to unravel the complex financial deals that helped prompt a market crisis in an effort that will generally seek criminal charges against individual brokers and bankers, rather than companies themselves ...

N. Va. Home Sales Down 39% in July; Virginia in Top 5 of U.S. Sales ... - Falls Church News-Press
N. Va. Home Sales Down 39% in July; Virginia in Top 5 of U.S. Sales Decline Experts Caution: Pull Back to Trip Global Downturn By Nicholas F. Benton Falls Church should not take its declining residential home value situation personally. The dramatic ...

What, No Lehman Aid? - Newsweek
Wall Street is consumed with the subject of bailouts. As analysts chewed over the implications of the government's decision to assume the debt of ailing mortgage giants Fannie Mae and Freddie Mac , traders (and their real-estate brokers) wondered ...

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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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