Phelps Mortgage Rates and Information Online from competing Lenders
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Phelps excited about new venture operating pool - Ann Arbor NewsNEW YORK (AP) — Michael Phelps had long hoped to venture into the sports business world, so operating the pool where he trains was a natural way to get his feet wet. "I'm going to have to learn a lot, but I'm ready for it," Phelps said Monday at ...
Business Digest - Providence JournalExtra benefits for laid-off workers The 400 workers who lost their jobs when KIK Custom Products Inc.’s plant in Cumberland shut down will be eligible for extra help through the federal Trade Adjustment Assistance program, which helps laid-off ...
Banks, raters face subprime lawsuits, new rules - ReutersNEW YORK, Nov 20 (Reuters) - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday. Global hedge funds ...
A TARP report card - CNN MoneyNEW YORK (Fortune) -- It may be years before we can judge the government's success in fighting the financial crisis. But an early assessment of Henry Paulson's Troubled Asset Relief Program is already taking shape. The Treasury secretary gets good ...
Drama department dials up the 1970s for fall production - Hot Springs StarHOT SPRINGS - “Disco Fever,” a mystery/comedy by Craig Sodara, will be presented by the Hot Springs High School Drama Department on Nov 20 and 21. Performances will begin at 7 p.m., in the Mueller Civic Center Theatre. This play is produced by ...
Audit: Medicaid recipients misused free cab rides - Milwaukee Journal SentinelNov. 21, 2008 3:44 p.m. | Madison - The state was forced to reimburse the federal government nearly $350,000 this fall after auditors found that cab rides had been billed to Medicaid on days when Milwaukee County participants didn't receive medical ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. To understand the dynamic of how big banks and companies are raising money these days, look to General Electric and J.P. Morgan. In these ...
Commercial Realtors backs suit against sick pay ordinance - Milwaukee Journal SentinelNov. 21, 2008 9:56 a.m. | The Commercial Association of Realtors Wisconsin said today it's supporting the Metropolitan Milwaukee Association of Commerce's legal challenge to mandated sick-leave benefits in Milwaukee. "No matter how well-intended, the ...
May 4 - May 11 - Dakota Voice► January 16 - January 23 (1) Fox News is reporting on a new Pulpit Initiative by the Alliance Defense Fund ( ADF ) to challenge the 50-year old restriction on political speech for tax exempt organizations. Conservative legal advocates are ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) Navy torpedo boat PT 109 was rammed AUGUST 2, 1943, by a Japanese destroyer and sunk. The commander sustained permanent back injuries yet helped survivors swim miles to shore, which unfortunately was behind enemy lines ...
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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