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Berks County Week in Review - Reading EagleA recap of the week’s top news stories including details of the 2009 Berks County budget, an update on a proposed rail line from Wyomissing to Philadelphia, Boscov's receives financial aid from the federal government, and a new veterans memorial is ...
TOP U.S. NEWS PHOTOS - FOX NewsOct. 15: Leonid Hurwicz, one of three Americans to win the Nobel economics prize, is shown. Hurwicz, 90, is the oldest Nobel winner, according to the academy. Oct. 15: Yvette Ibarra, 6, holds a Barbie doll while shopping at a Toys "R" Us store ...
Biznet spruces up Parenthesis - Arlington Heights PostParenthesis Parent-Child Center will get a fresh coat of paint this Saturday, courtesy of a group of local business owners and entrepreneurs who've taken the organization under its wings. Oak Park Biznet will buy all the supplies and paint the ...
Updated 10/22: Oak Park's Biznet to spruce up Parenthesis - Oak Park LeavesParenthesis Parent-Child Center will get a fresh coat of paint this Saturday, courtesy of a group of local business owners and entrepreneurs who've taken the organization under its wings. Oak Park Biznet will buy all the supplies and paint the ...
NASA Hosts Mars Atmosphere Workshop in Virginia - SpaceRefMore than 150 Mars atmosphere experts from the U.S., Canada and Europe will be in Williamsburg, Va., for a NASA sponsored workshop. NASA's Langley Research Center in nearby Hampton, Va., will host the four-day workshop, Nov. 10-13, at The Woodlands ...
Banks to defy Government and raise mortgages rates - Times OnlineNorthern Rock, the Government-owned lender, has announced that it is pulling all its tracker deals for homeowners and landlords and is expected to increase rates when it relaunches the mortgages later this week. It follows a move by Abbey earlier ...
Safe as houses? - Globe and MailChip Oatley from Assiniboia, Canada writes: The recession will not affect the whole country uniformly, just as the housing bubble burst will not affect everybody the same way. Yes, Vancouver will be hit hardest. But even there, Langley, Surrey ...
Welcome to the Northerner, guardian.co.uk's weekly roundup of the best ... - Guardian UnlimitedI get up early, usually, and consequently tend to nod off during the 10pm TV news. So it may have been a dream when I heard Robert Peston or whoever the announcer was, say - on two separate evenings in the last week - that Britain "may" be going into ...
How do you live without a bank account? - BBC NewsPaying utility bills, receiving a salary, simply vouching for who you are - the 14-digits that comprise a bank account number and its sort code are almost as intrinsic to one's identity these days as name and postcode. But with some High Street banks ...
NASA Announces Exploration Systems Mission Directorate Leadership ... - SpaceRefNASA Associate Administrator for Exploration Systems Rick Gilbrech announced Wednesday that he will be leaving the agency for a position in the private sector. NASA Administrator Michael D. Griffin announced that Doug Cooke, who has been serving as ...
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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