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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Curry mortgage rates news:

August 2008 - Posts - MSNBC Firstread
NBC's Mara Schiavocampo went to the floor of the Democratic National Convention and got reaction from delegates and attendees on Clinton's speech last night. In a breakfast pep talk to Democratic donors this morning at the Brown Palace Hotel here in ...

What Hillary would do tomorrow, if she could - Salon
Wall Street's jubilation over Ben Bernanke's promise to lower interest rates at a moment's notice didn't last long. Stock market indexes plunged again on Friday, reacting to a stream of bad economic news. Credit card delinquencies and reduced ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

A growing problem - Baton Rouge Business Report
When Gov.-elect Bobby Jindal takes office early next year, one of the most significant financial issues he’ll face is something most people have never even heard of, much less given any thought to. It’s a massive and growing hole in the budget ...

December 2007 - Weekly Standard
An open letter to the Iowa GOP from Alexander J. Madison and sent out by the Hunter campaign. As one friend describes it, it's "the most conservative statement ever ." Enjoy... Dear Iowegians, Every presidential election season, your state has the ...

Looking Under the Hood of Public Higher Ed - Inside Higher Ed
Last week, the College Board released its annual Trends in College Pricing report, finding that tuition at the nation’s public four-year colleges and universities had risen 6.6 percent, which is roughly equivalent to previous years but continues to ...