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Controversy has dogged the Speaker from the beginning - Daily TelegraphNovember 2000: sparked controversy by dispensing with the Speaker's traditional attire of wig and tights. October 2001: Charlotte Every, his diary secretary, left because the Speaker, dubbed "Gorbals Mick" because of his Glaswegian background ...
New businesses - Providence JournalBANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...
Up Next - CBS NewsTHE CHEATERS - 60 MINUTES and The Washington Post reveal how online poker players suspecting cheating were forced to successfully ferret out the cheaters themselves. That's because managers of the mostly-unregulated $18 billion Internet gambling ...
Category: 100% Pure Cheese - PopwatchWhy you should gobble up 12 hours of the SoCal, so-cool crew: Thanksgiving may be all about family, but let's be honest: You're gonna want to escape crazy Aunt Sally and her lace-up leather skinnies at some point. So why not take a trip to one of the ...
Lord Mandelson will force banks to open their coffers - Times OnlineBanks face legal action if they refuse to resume lending amid dire warnings of a mortgage drought that will bring further misery to homeowners. The Times has learnt that legal curbs will be imposed on banks if they fail to abide by a new code of ...
What if McCain wins? - San Francisco GateSt. Louis University political scientist and pollster Kenneth Warren points to a frightening fact: about 43 percent of the public does not trust election results. That means if McCain somehow wins, after a barrage of polls and media coverage showing ...
Richard Bolles Stays on the Job - US News and World ReportNearly four decades ago, author Richard Bolles asked young baby boomers a strange question: What Color Is Your Parachute? To answer that question about careers, readers had to make their way through pages of exercises that demanded self-examination ...
Kevin Rudd said Australia's banks almost collapsed - News.com.auPRIME Minister Kevin Rudd, vowing to "level with the Australian people", last night indicated the Australian banking system was on the brink of collapse two weeks ago. Mr Rudd said confidence in local banks was fading as institutions in other ...
Odds And Ends - New York Daily NewsBarack Obama named the director of the Congressional Budget Office, Peter Orszag, to be his budget director. Obama is limiting his inaugural donations. (Get more information here ). A congressional panel will consider the question : Was Eliot Spitzer ...
Cape Girardeau resident arrested following one-vehicle accident - Southeast MissourianA Cape Girardeau female was arrested on suspicion of driving while intoxicated following a one-vehicle wreck Saturday on Route Y in Cape Girardeau, according to the Missouri State Highway Patrol crash reports website. Heather N. Brace, age unknown ...
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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