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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Henry mortgage loans news:

Fannie, Freddie Put Foreclosures, Evictions On Hold For The Holidays - Insurance News Net
Copyright 2008 Gannett Company, Inc.All Rights Reserved USA TODAY November 21, 2008 Friday FIRST EDITION SECTION: MONEY; Pg. 9A LENGTH: 386 words HEADLINE: Fannie, Freddie put foreclosures, evictions on hold for the holidays BYLINE: Anna Bahney ...

Commercial-Mortgage-Securities Holders Blame Paulson (Update1) - Bloomberg
Nov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ...

Commercial-Mortgage Bond Holders Blame Paulson for Tailspin - Bloomberg
Nov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ...

Treasury's Paulson shifts focus of $700 billion bailout - ABC News
The Bush administration changed course on the $700 billion financial rescue package Wednesday, saying it would scrap plans to buy troubled assets and focus on directly injecting money into the nation's banking system. Treasury Secretary Henry Paulson ...

Congress may have to approve a 'TARP 2,' economist says - Bloggingstocks.com
With credit markets remaining under stress, and with uncertainty growing regarding the status of megabank Citigroup (NYSE: C ), the U.S. Congress may have to take more action to maintain financial system stability and prevent the U.S. economy from ...

Paulson says crisis caused by many factors - Knoxville News Sentinel
n Historic meltdown: Treasury Secretary Henry Paulson called the financial crisis an event that happens "once or twice" in 100 years. Paulson acknowledged that the crisis was caused by many factors, including "government inaction and mistaken actions ...

Wells Fargo's Kovacevich sees time of opportunity - Des Moines Register
Wells Fargo wants to grow during the current economic downturn, as its predecessor, Norwest Corp., did during downturns in the 1980s and '90s, Wells Fargo Chairman Richard Kovacevich said Thursday during an interview in Des Moines. The San Francisco ...

Principal says $2 billion from U.S. is no bailout - Des Moines Register
If Principal Financial Group were to receive $2 billion in government money, it would not be a bailout, says Chief Executive Larry Zimpleman. "It's only a bailout in the sense that we are trying to bail out the economy," he said. Principal announced ...

Just what is Henry Paulson up to? - Seattle Post Intelligencer
One of the most humbling features of the financial crisis is its ability to humiliate policymakers who, thinking that they have a bazooka in their closet, soon discover that it is a mere popgun. When Hank Paulson, the treasury secretary, first called ...

Henry Paulson - Morning Call
WASHINGTON (AP) _ A White House panel's action to strengthen oversight of complex financial instruments partly blamed for the ongoing global crisis is viewed as a constructive step, but falls short of the tighter regulation many experts have ...