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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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Sioux mortgage loan news:
Home loan troubles break records again - Sioux City JournalWASHINGTON - More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said ...
Silver State Bank in Nevada is shut - Sioux City JournalWASHINGTON - Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank ...
The Hypocrisy and Danger of Anti-China Demonstrations - Common DreamsWe hear that Tibetans suffer "demographic aggression" and "cultural genocide". But we do not hear those terms applied to Spanish and French policies toward the Basque minority. We do not hear those terms applied to the US annexation of the Kingdom of ...
01/16 - 01/23 (1) - Dakota VoiceBadlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...
Online Opinion is your chance to tell Keloland what you think. - KELOLAND TVKudos to Mr. Epp—actually, to Mr. Epp's dad —for eloquently capturing another reason to be wary of Hyperion's refinery promises at Elk Point. Todd isn't ready to condemn the project, but his dad can point to excellent examples of Big Oil failing ...
Principal Financial shares drop after subprime woes cut profits - Sioux City JournalDES MOINES, Iowa (AP) -- Retirement fund and financial services company Principal Financial Group Inc. saw shares slide more than 9 percent Tuesday, the day after the company reported $211 million in losses from investments, some tied to subprime ...
Iowa nonprofit: Student loans will be harder to get - Sioux City JournalDES MOINES, Iowa (AP) -- The Iowa Student Loan Liquidity Corp. says it won't be able to properly fund loans for the 2008-2009 school year because of the nation's credit crunch. Iowa Student Loan, a West Des Moines-based nonprofit, is the second ...
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