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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. View all Terms

Scott mortgage loan news:

Treasury considering mortgage rate plan - ABC2 News
WASHINGTON (AP) - The Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. That's according to Neel Kashkari, who heads the government's $700 billion financial ...

Financial industry pushes for lower mortgage rates - Dallas Morning News
WASHINGTON – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage ...

Finance industry seeks lower mortgage rates - Arizona Daily Star
Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 percent, Scott Talbott, a vice president at the Financial Services Roundtable, said Wednesday. That's about one percentage point below the current rate of 5.6 ...

Westin Resort & Spa owner may default on bank loan - Island Packet Online
The owner of The Westin Resort & Spa, one of Hilton Head Island's largest oceanfront hotels, is in danger of defaulting on a multi-million dollar loan it took out to finance improvements at the 412-room property and at another hotel in Arizona ...

Treasury urged to act to push down mortgage rates, shore up housing ... - Baltimore Sun
WASHINGTON - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, the Treasury Department would seek to lower the rate on a 30 ...

Treasury urged to cut mortgage rates - CNBC
WASHINGTON - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 ...

Loan crisis goes commercial - Myrtle Beach Online
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

Bernanke Says U.S. Must Step Up Foreclosure Efforts (Update2) - Bloomberg
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on its own. The Fed chief outlined four ...

Workday Inc. is moving to Pleasanton - San Francisco Gate
Thursday, December 4, 2008 Workday Inc. plans to announce today that is it moving its headquarters to Pleasanton Corporate Commons, a business park adjacent to Stoneridge Mall. The nearly 70,000-square-feet of space was previously occupied by E-Loan ...

Proposal could drop mortgage rates to 4.5 percent - San Jose Mercury News
Silicon Valley mortgage brokers could barely contain their enthusiasm as news leaked from Washington of a proposal to reignite the dormant housing market by driving down mortgage rates to the 4.5 percent range. The plan, which reportedly could be ...