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

Martin mortgage quotes news:

Queen's speech and Michael Martin's statement - live - Guardian Unlimited
• Read the news story on the Speaker's statement here Queen Elizabeth II and Prince Philip enter the royal gallery through the north door. Photograph: Rex Features Photograph: Nils Jorgensen /Rex Features 11:32am: The state opening ceremony is ...

Stock & fund quotes - ninemsn
SYDNEY, Dec 3 (Reuters) - Commonwealth Bank of Australia and Westpac Banking Corp are expected to raise up to A$3.5 billion ($2.3 billion), possibly before Christmas, as they prepare for rising bad debts in a slowing global economy ...

Nov 30 - Dec 06 (113) - Andrewsullivan.theatlantic.com
Today, the gay rights group Human Rights Campaign will release a letter to President-elect Barack Obama strongly backing [Mary Beth Maxwell for Labor Secretary]. The catch: The group last week backed Rep. Linda Sanchez for the post. “You would have ...

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 ...

Refuting Conventional Wisdom: A Wall St. 'Truthiness' Index - Seekingalpha.com
We are always interested in things that become part of the conventional wisdom with little supporting evidence. To find the right terminology for this concept, we turned to a leading source, Stephen Colbert on "truthiness." Here is the Wikipedia ...

Sound off on Vazquez deal - Atlanta Journal Constitution
The entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...

Mumbai Terrorism Clouds Templeton's 'Buy India' Call - Seekingalpha.com
As the Asian markets await full details on the plot behind Wednesday’s terrorism in India’s principal business city of Mumbai (aka Bombay), 5-year credit default swap spreads for 5-year government-owned State Bank of India widened to around 465 ...

Can Sen. Saxby Chambliss End the Chance of a Democratic Super Majority ... - FOX News
This is a rush transcript from "Hannity & Colmes," December 1, 2008. This copy may not be in its final form and may be updated. SEAN HANNITY, CO-HOST: The much-anticipated runoff in the Georgia Senate race starts tomorrow with the Minnesota recount ...

Holding A Candle To Buffett - Forbes
Like everyone else, Warren Buffett 's equity portfolio, year-to-date, has sustained serious damage. Not to worry! Unlike headmen at banks, brokerage houses and insurance conglomerates, nobody's throwing Warren out of his house (I assume no mortgage ...

Birmingham Mayor Larry Langford arrested on federal charges - Everything Alabama Blog
Joe Songer/Birmingham News Birmingham Mayor Larry Langford. Birmingham Mayor Larry Langford was arrested this morning on federal charges and is being held at the federal courthouse, the FBI and other federal officials confirm. See documents and past ...