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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Hill mortgage quotes news:

Wall Street opens moderately lower on weak data - WTOP Radio
NEW YORK (AP) - Stocks are down moderately in early trading following discouraging sales reports from many of the nation's big retailers, and word of big job cuts at AT&T and DuPont. But while the market is receiving another stream of bad news, the ...

Thomson Financial News - Forbes
Dec 5 (Reuters) - The following were the top stories in the New York Times business pages on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * The chief executives of America's foundering automobile manufacturers ...

Nov 30 - Dec 06 (185) - Andrewsullivan.theatlantic.com
Here's a link from the Alaska state website discussing the event. Here's a news video. That's barely three weeks before she gave birth to Trig, a full-term, 6 pound baby. It's also around a week before video footage of Palin, captured here. Since ...

UPDATE 3-BoE cuts rates to 2 pct, says more action needed - Forbes
LONDON, Dec 4 (Reuters) - The Bank of England slashed interest rates to their lowest level since 1951 on Thursday but indicated more needed to be done to prevent a credit squeeze tipping Britain's economy into a prolonged recession. The one ...

The upside of "zero privacy" - Reason.com
If you haven't noticed it already, flip back a few pages and take a good look at the front cover . Unless you picked this magazine up on a newsstand, you should see your neighborhood's grinning mug shot, exposed in all its glory from above. Depending ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Deal Journal today talked to Brian Hoffmann, co-chairman of the M&A practice in the Americas for law firm Clifford Chance. In the first part of ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Don Martin: Harper has no one to blame but himself - Nationalpost.com
This Conservative government’s apparent death wish is propelling Canada toward two possible, and equally unthinkable, outcomes: The second federal election inside of two months, or a Liberal-led coalition that includes New Democrat cabinet ...

Hip-Hop Rumors: T.I. Gets Saved! Yung Berg Reality Show! - allhiphop.com
I am going to start the rumors off with the “Signs The World Is Coming To An End” and the “Epic Fail of the Day.” They both pertain to stupid Thankstaking Day and deaths surrounding the mayhem. Did you know that 90% of the Native Americans ...

Updates with start of meeting, Pelosi quotes) - Reuters
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke came to Capitol Hill on Monday to field questions from leading Democrats on how the $700 billion financial bailout bill is working. "We have ...