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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. View all Terms

Putnam mortgage loan news:

Home Builders Hammered By Tight Banking Practices - The Ledger
Crist noted that mortgage finance giants Fannie Mae and Freddie Mac last week announced a temporary halt to foreclosures and evictions during the holiday season. Crist said Monday that 'some of those ideas we can learn from.' The governor was unsure ...

Unsafe Havens - Bloomberg.co.jp
Money market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as U.S. Treasury bills ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The financial sector has had a bad year, and it’s just getting worse. Today, shares of Goldman Sachs Group and American Express were down ...

November 2008 - Dayton Daily News
The Dayton area will lost most of its clout in the state legislature next year because of term limits. I did a column on Sunday, Nov. 23 in the Dayton Daily News on what’s going to happen next year but here’s the short version. House Speaker Jon ...

Area foreclosure filings decrease - Seattle Post Intelligencer
Douglas Putnam refinanced his Woodinville home of 30 years in 2004, taking out equity to pay off credit card debt. But the new mortgage, from Countrywide Financial, allowed him to pay less than the monthly interest. "My balance had gone up $40,000 ...

Business Briefing - Seattle Post Intelligencer
BOISE -- Boise Inc. will discontinue pulp production at its plant in St. Helens, Ore., curbing annual paper-production capacity by 200,000 tons. The restructuring will slash about 325 jobs, boost operating margins and end production of Boise's least ...

Sector Snap: Insurers mixed on 3Q losses - Forbes
Shares of some of the nation's biggest insurance companies fluctuated Wednesday as Wall Street stopped to catch its breath after the nation elected its 44th President. Investors were collecting profits after the market's runup, including a rally ...

Royal Philips healthcare unit lays off in Andover - Boston Globe
Royal Philips Electronics NV's healthcare unit, based in Andover, said it cut 5 percent of its workforce this week, or 1,600 jobs worldwide, including fewer than 100 in Andover. Spokesman Ian Race said the cuts were needed to streamline management ...

Live-Blogging Wachovia’s Third-Quarter ‘Recorded Message’ - Wall Street Journal
In 1995, sociologist Robert Putnam wrote an essay about how Americans don’t participate in group activities anymore. He called it “ Bowling Alone .” Getty Images Wachovia, which announced a $23.7 billion net loss for the third quarter, has ...

'It was like the dam broke' - Boston Globe
On Sept. 29, minutes after Congress rejected a $700 billion bailout, state Treasurer Timothy P. Cahill got an urgent e-mail on his BlackBerry at 1:55 p.m.: "The Dow is down 700 points." He knew instantly what the alert from his staff meant. The ...