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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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York mortgage quotes news:
Pershing Square Capital Management Releases Letter to U.S. Treasury ... - ForbesNEW YORK, Sept. 6 /PRNewswire/ -- Pershing Square Capital Management, L.P. sent the following letter to the U.S. Treasury Department regarding Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE): September 5, 2008 The Honorable Henry M. Paulson, Jr ...
Fitch cuts Fannie Mae, Freddie Mac preferred stock - ForbesNEW YORK, Sept 2 (Reuters) - Fitch Ratings on Tuesday cut its ratings on the preferred stock of housing finance companies Fannie Mae and Freddie Mac on concern a lack of access to fresh capital could lead the companies to suspend dividend payments ...
5 ways to manage a 'flexible' income - CNN Money(Money Magazine) -- David Gordon is on pace to earn 15% more this year than he did last year, which was itself 12% higher than 2006. Gordon, who sells ads for a Cleveland radio station, didn't land these impressive pay jumps by negotiating with his ...
McCain's Magic Formula? - SlateSemi- amnesty in St. Paul: I asked Sen. Graham how soon, in his first term, President McCain would declare the borders secure (and move on to revive "comprehensive immigration reform"). Graham said "We'll know it when we see it," but emphasized that ...
Thomson Financial Europe AM at a glance share guide: Stocks mixed, oil ... - ForbesSTOCKS: Japan's Nikkei share average rose on Tuesday, as lower oil prices encouraged investors to buy beaten down shares of companies in the technology sector after a sharp selloff on Monday. Investors were grappling with the implications of prime ...
News - Politics and Law - CNET Newsq&a James Powderly didn't trek from New York City to Beijing during the 2008 Olympics to watch table tennis. The artist was plotting to laser-beam a billboard-size, pro-Tibet message at the Bird's Nest Stadium. Instead, he spent six days locked up ...
August 2008 - NPR News"Why must a vision of a post-racial America be devoid of ordinary black Americans? Why must the story of their struggle be silenced?" Author and Columbia University professor Farah Jasmine Griffin helps bring our coverage of the Democratic National ...
Labor shortage IS Iowa's future - Globe GazetteDr. Paul Manternach, senior vice president of physician integration at Mercy Medical Center North Iowa, trained in Mason City, left and then returned because of the medical community’s commitment. Employers across Iowa would like more stories to ...
August 2008 - Posts - MSNBC FirstreadO’FALLON, MO -- While Gov. Sarah Palin gave essentially the same speech today as she has twice before, one big thing was missing -- any reference to Hillary Clinton . Palin, the presumptive Republican vice presidential nominee, spoke alongside ...
Palin says her teenage daughter is pregnant - Boston GlobeSarah Palin (left) speaks to a crowd in Dayton, Ohio, on Friday as her daughter Bristol holds her infant brother Trig. By Michael Kranish, Globe Staff ST. PAUL -- Republican vice presidential candidate Sarah Palin revealed today that her 17-year-old ...
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