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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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Jefferson mortgage rates news:
Financial News
Alabama's Riley Seeks New York's Paterson to Broker Debt Plan - Bloomberg
Oct. 7 (Bloomberg) -- Alabama Governor Bob Riley sought out New York Governor David Paterson to help broker a solution to a sewer debt crisis that has pushed the state's most populous county to the brink of bankruptcy. Riley, a Republican, called ...

Please Welcome Our New Team Members to Envoy Mortgage - PR Inside
Envoy Mortgage is pleased to announce the following new Senior Mortgage Banker Advisors to our team: Marcus D. Jefferson, often introduced by others in the Mortgage Banking Industry as a Banker's Banker, Marcus works tirelessly to earn the trust of ...

Biden says McCain's latest mortgage plan bails out bad bankers rather ... - Newsday
ST. JOSEPH, Mo. (AP) _ Democratic vice presidential candidate Joe Biden said Thursday that Republican John McCain keeps switching responses to the economic crisis and now advocates a plan for troubled mortgages that would "reward banks and lenders ...

Economy a widespread election concern - Naperville Sun
Wall Street has just finished its worst week in history, and throughout Naperville people are feeling the pain. They're getting statements in the mail about the performance of their 401(k) plans, and the losses of 25 percent or more are staggering ...

Mapping the Risky New World of Municipal Bonds - BusinessWeek
by Ben Levisohn Many municipal bond investors are enjoying unusually high yields. While returns on munis have historically been about two-thirds those of U.S. government securities, they are paying higher rates than Treasuries in the current credit ...

Ala. gov asks legislators to help in county's debt - Birmingham News
BIRMINGHAM, Ala. (AP) — Gov. Bob Riley turned to legislators Tuesday for help in his attempt to find a settlement with Wall Street over Jefferson County's massive sewer debt. Riley met with Jefferson County legislators Tuesday to discuss the county ...

Riley asks for help on city's sewer debt - Montgomery Advertiser
BIRMINGHAM -- Gov. Bob Riley turned to legislators Tues­day for help in his attempt to find a settlement with Wall Street over Jefferson County's massive sewer debt. Riley met with Jefferson County legislators Tuesday to discuss the county's $3.2 ...

Biden: McCain's latest plan bails out banks - International Herald Tribune
ST. JOSEPH, Mo. : Democratic vice presidential candidate Joe Biden said Thursday that Republican John McCain keeps switching responses to the economic crisis and now advocates a plan for troubled mortgages that would "reward banks and lenders for ...

Allan Little's journey - bbc
My BBC colleague Steve Titherington has a personal connection. In the years after the Second World War, Steve's family, living in the austerity of post-war Britain, used to receive care packages from a family in Clarksville. Steve has brought with ...

Biden: McCain’s latest plan bails out banks - Salon
Oct 9th, 2008 | ST. JOSEPH, Mo. — Democratic vice presidential candidate Joe Biden said Thursday that Republican John McCain keeps switching responses to the economic crisis and now advocates a plan for troubled mortgages that would “reward banks ...

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