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Berkshire County Real Estate Transactions - Berkshire Eagle
Wells Fargo Bank National Association, Countrywide Home Loans Servicing LP, Securitized Asset-Backed Receivables LLC 2005-Fr3 Mortg and Countryside GP LLC sold property at 47 Valley St., Adams, for $59,900 to Stephen T. Meczywor. Federal National ...

Real estate investors decry four-loan limit - Atlanta Journal Constitution
Atlanta-area real estate investors, like their counterparts around the country, say a new four-loan limit is keeping good buyers away from foreclosed properties — and could actually prolong the recession. The new policy, which limits to four the ...

Deed transfers for the Dec. 1-28 edition - Star-Banner
Warranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...

Colorado foreclosures drop in third quarter - Denver Post
Nov 30: Bailout unknowns abound Guzzler sales making U-turn Nov 26: Weak economy tops deficit as No. 1 priority Feds vow billions more to aid credit Specifics gathered for pitch on autos Revision shows bigger third-quarter shrinkage Nov 25 ...

San Francisco - Orlando Sentinel
Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed ...

Stock market report: Thursday close - This is Money
The prospect of cheaper money, along with a move by the banks to pass on interest rate cuts in full to mortgage holders and the Government's pledge to aid those who fall behind with their repayments, paints a much brighter future for the housing ...

Recent foreclosures filed in Madison County - Telegraph
These 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 ...

Some strapped metro Atlanta homeowners get break - Atlanta Journal Constitution
Tim Collins finds himself living a national crisis. First he lost his job when his company moved. Then he fell behind in his mortgage and faced foreclosure. Now, he’s rebuilding his finances thanks to a last-minute deal with his mortgage company to ...

Public Notices - Columbia Star
NOTICE 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 ...

President-elect Obama's actions perk up stock market - USA Today
NEW YORK — President-elect Barack Obama hasn't even moved into the White House yet. But Wall Street is already showering him with praise for injecting confidence into the battered psyche of investors and working quickly to hatch a plan meant to ...

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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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