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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Dewey mortgage loan news:

Joseph Dewey: Who's to blame for our financial crisis? Not the usual ... - Idaho Statesman
Henry David Thoreau made this famous statement: "There are a thousand hacking at the branches of evil to one who is striking at the root." When we look at any controversial political or economic situation we find that this principle definitely ...

Foreclosure in Santa Monica: Bubble and bust on Dewey Street - Los Angeles Times Blogs
Dr. Housing Bubble has a good one today, a 15-year story of bust, boom, bubble and bust again, all told through the life of a single foreclosed house in Santa Monica. The house is 2376 Dewey St. -- right on the border between Santa Monica and Los ...

Homeowners' safety net really wasn't - St. Petersburg Times
David Radtke of Sarasota channel surfs in his tiny one bedroom apartment. “I thought I was signing a mortgage (with Rechnitz),’’ says Radtke, 68. “Instead I signed over the house.’’ He says he lost many of his possessions when Rechnitz ...

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 ...

Primed and proud after win - Delaware Online
WILMINGTON -- With one mighty left-handed swat of his bat in the first inning of the Phillies' first World Series game in 15 years, Chase Utley electrified Tuesday night's packed house at Grotto Pizza. "I love it! Chase Utley! Yeeooww!" rejoiced Erin ...

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 ...

Remembering SLT - Shreveport Times
More than 80 years of history went up in smoke Nov. 18 when the Shreveport Little Theatre was destroyed by fire. But tragedies don't destroy memories. Or dim hopes for the future. Here's a look at images from the past and thoughts from a few of the ...

Why hasn't anyone been arrested? - OpEdNews.com
Only about a month ago, most of us ordinary folks were shocked to learn that the greatest economic empire the World has ever known was basically rotten to it's core. We're barely a month into the 2nd American Revolution. Life as we knew it will never ...

Erie County Real Estate Transactions - Buffalo News
• 234 Two Rod Road, William A. Burger; Sandra V. Burger to Timothy D. Newman; Patricia Y. Newman, $182,000. • 643 Creekside Drive, Richard J. Jaskier; Laura S. Jaskier to HUD, $126,791. • 3219 Crittenden Road, Darren M. Wetzler to Elizabeth A ...