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Corporate Crime - Orlando SentinelMUHALLADIYA, Iraq — At this dusty combat outpost 4 miles west of Mosul, Iraqi soldiers complain that they haven't been paid in four months, even though the nation's coffers are bulging with tens of billions of petro-dollars. Stationed along a key ...
Recent foreclosures filed in Madison County - TelegraphThese are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...
A Win for Civility - Wall Street JournalDemocrats will fall short of a 60-seat Senate supermajority in the 111th Congress. Unofficial results , with 97% of precincts reporting, show Sen. Saxby Chambliss with a wide lead over challenger Jim Martin, 57.4% to 42.6%, in Georgia's runoff ...
An election ends, but union ads march on - Bangor Daily NewsThe 2008 general election is over, with Barack Obama winning the race for president and Susan Collins easily being re-elected over challenger Tom Allen to represent Maine in the U.S. Senate. But Mainers are still seeing issue ads similar to those ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
Sen. Dick Durbin: Let Bankruptcy Judges Alter Distressed Mortgages - US News and World ReportThe issue of bankruptcy reform--allowing bankruptcy judges to change the terms of distressed mortgages on primary residences--is set to take a higher profile in next year’s congressional debate over how to fight foreclosures . With the election ...
Sen. Durbin To Seek Mortgage Bankruptcy Change - Post ChronicleA senior U.S. senator on Monday introduced legislation to let judges alter the terms of distressed mortgages in bankruptcy cases, reviving a controversial proposal meant to help troubled homeowners, a said an aide to the lawmaker. Illinois Democrat ...
US housing bankruptcy measure back next year - ReutersWASHINGTON, Nov 19 (Reuters) - A bill designed to allow bankruptcy judges to change mortgage terms to help people with financial woes stay in their homes is "highly unlikely" to pass this term but will be revived next year, its sponsor said. Asked if ...
Freeze foreclosures and heat up jobs plan, spirited rally tells ... - Peoples Weekly WorldCHICAGO – Dozens of labor and community activists rallied here in front of the Federal Building Nov. 21 urging Congress to put a freeze on home foreclosures and to bail out Main Street, not Wall Street, with a stimulus package that includes a ...
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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