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

Dewey mortgage rates news:

Biz Quicks - Tulsa World
Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage finance giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.04 percent ...

Obama seeks stimulus as jobs die - International Herald Tribune
President-elect Barack Obama called for urgent passage of a U.S. stimulus package to reinvigorate a faltering economy that saw U.S. unemployment hit a 14-year high on Friday while U.S. automakers reported billions in losses. European Union leaders ...

Fannie, Freddie Swoop in with Plan to Save Struggling Homeowners - 9&10 News
The regulating body of Fannie Mae and Freddie Mac announced a plan Tuesday afternoon that could keep hundreds of thousands of delinquent homeowners in their homes. The plan calls for finding ways to ease the financial burden on homeowners already ...

Home buying getting harder in Tri-Cities - Tri-City Herald
Jennifer and Michael Mead had a tough time getting financing for their new Kennewick home despite the fact that they have good credit, have owned a home before and have steady jobs. When Jennifer and Michael Mead bought their first house in 2005, the ...

Pike board approves toll hike - Boston Globe
The Massachusetts Turnpike Authority board voted 4-1 today in favor of an unprecedented toll increase, approving a 75 cent hike at the Weston and Allston-Brighton tollbooths and a $3.50 surge at the Sumner and Ted Williams tunnels. The plan would ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
Conservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...

Week in Review - Monday, Sep 22 - Delaware Online
Burrell's three-run homer sends Phillies past Braves, extends National League East lead to 2 1/2 games with five games to play. I’m here as a citizen, who knows that our nation depends on the service of those who are civilians in peace, soldiers in ...

Palin says debate went well as polls favor Biden - The Washington Times
Republicans John McCain and Sarah Palin on Friday played up her debate performance as polls showed voters judging her Democratic rival, Joe Biden, to be the winner of the only vice presidential face-off of the campaign. "It was a lot of fun. It was a ...

United Socialist States of America - Nation
Last night Stephen Colbert quite cleverly invited the actual Socialist candidate for President onto his show , to give him the opportunity to state the blindingly obvious: Obama's no Socialist. (Added bonus was hearing a real, actual socialist ...

The Note: McCain Down But Not Out - ABC News Blogs
Let’s hope Joe the Plumber doesn’t charge by the minute -- the 15th can be the roughest. Maybe John McCain’s last great comeback isn’t possible. Maybe it’s only possible on the back of a plumber from Ohio (albeit one who could have used ...