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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Shannon mortgage loan news:

Citigroup ups stakes in battle for Wachovia - Guardian Unlimited
Wachovia, the subject of a takeover fight between Citigroup and Wells Fargo. Photograph: Shannon Stapleton/Reuters Citigroup is flexing its muscles in a tug-of-war for control of struggling Wachovia through an aggressive legal and financial effort to ...

Citigroup, Wells Fight May End by Splitting Wachovia (Update4) - Bloomberg
Oct. 6 (Bloomberg) -- Citigroup Inc. and Wells Fargo & Co. may end up splitting Wachovia Corp. , the Charlotte, North Carolina-based bank staggered by almost $53 billion of mortgage- related losses. Wells Fargo 's $15.1 billion offer on Oct. 3 ...

Personnel file - Lexington Herald-Leader
Kentucky Bank: Jeremy D. Brown has joined the bank's lending department as a mortgage originator. He will serve the Eastern Kentucky region, including Morehead and Sandy Hook. Town & Country Bank and Trust Co.: Allison S. Arnett has been named vice ...

Viewer Stories: Housing Market Victims - WSB-TV Atlanta
Eight years ago I was so excited, I bought my first house. I couldn't wait to get moved in and start fixing up my own place. That dream has come crashing down around me and has ended due to financial difficulties. I have had to put my house on the ...

Campaign getting personal - Boston Globe
Get ready to hear a lot about Bill Ayers and Charles Keating this week, likely including Tuesday night's second presidential debate. Republican John McCain is trying to move the campaign off the economy -- an issue on which Democratic rival Barack ...

Deed transfers from Oct. 6-Nov. 2 edition - Star-Banner
John Sanders to Jlotto Land Group LLC. Marion County: $80,000. J.H. Lybass Jr. Family LLC to T. Paul Bulmahn. Marion County: $800,000. Lifepointe Village Summerfield LLC to Lifepointe Village, Village View LLC. Marion County: $968,000. Ferguson ...

Real Estate notes - Marion Chronicle-Tribune
The following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Sept. 22 through 29 Billie J. Freel and Nancy R. Freel to ...

Land Transactions - Clanton Advertiser
• Larkin Strong and Stephanie Strong to Jeromy Cox and Embry Cox, land located in Section 5, Township 21, Range 16. • Minnie P. Northcutt to John Ed Northcutt, land located in Section 23, Township 23, Range 13. • Blue Herron, LLC to Stephanie ...

NH Community Banks Still Pretty Healthy - NHPR
The US House of Representatives today overwhelmingly approved legislation to bailout Wall Street. Lawmakers on both sides of the aisle had predicted dire economic consequences if they didn't take action. Despite the vote, the Dow Jones Industrial ...

Matter of Records, October 6 - Wichita Falls Times Record News
CitiBank SD vs. Mary Ann Elkins, 2308 Antigua, $9,285.37, V3293 P887. Texoma Community CU vs. Justin Brucker, Rt. 1, Box 3, Devol, Okla., $8,908.59, V3293 P892. CitiBank SD vs. Kathy O. Rivers, 2920 Moffett, $2,973.39, V3294 P7. Morrison Supply Co ...