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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Hampshire mortgage rates news:

Bank to ease repossessions threat - This is Winchester
Royal Bank of Scotland has announced that it will give struggling homeowners at least six months before launching repossession action. The NatWest parent said it was doubling the three-month breathing space currently offered to borrowers who fall ...

Delahunt, Hodes seek more aid for homeowners - Boston Globe
WASHINGTON — Two Democratic House members from New England have introduced legislation that would allow the government to force some mortgage lenders to renegotiate loans for homeowners facing foreclosure. Representatives William Delahunt of Quincy ...

A mixed bag for women this election year - Salon
Some touted it as such, and in many ways it was a watershed election season: The first viable female presidential candidate -- and she almost won. A female vice-presidential nominee -- and she was a Republican. And a president-elect who's appointing ...

Review claims U.S. ignored warnings about economy - Ledger-Enquirer
– All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota ...

Film 'I.O.U.S.A.' by former Stratham man shortlisted for Academy - Portsmouth Herald
In a whirlwind of success, a documentary produced and co-written by a former Stratham man came out on top at the New Hampshire Film Festival, was viewed at the Republican and Democratic national conventions, and has now been shortlisted for an ...

Treasurys extend gains amid investor worries - Beaufort Gazette
NEW YORK Yields on U.S. government debt touched fresh lows again Tuesday as investors, worried about the economy and the ongoing volatility in stocks, again sought out the safest investments. Yields, which move opposite their price, fell to record ...

Toy for Joy campaign launches 86th season in Western Mass. - Union-News & Sunday Republican
SPRINGFIELD -Registration for Toy for Joy, which has brightened the Christmas mornings of needy families for 85 years, will commence on Monday. The annual holiday campaign, sponsored by The Republican and the Salvation Army, launches its 86th season ...

Prices down, homes sales up in Massachusetts - Eagle-Tribune
While the nation continues to reel from a fall-off in home prices and sales, local real estate agents are reporting a surge in buyer interest. During the summer and into September, an increasing number of people got into the real estate market ...

Wheat farmers set example - Portsmouth Herald
With gas back down under $2 and most commodities, including food, also returning to traditional price ranges, it is important that we not forget the uncertainty of this past summer, when $5 for a gallon of gas seemed possible and food prices had many ...

Officials: Obama set to introduce Clinton Monday - ksl.com
To all of those preaching doom with this announcement, there is just about nothing that Obama and Clinton can do in this world more destructive than what Mr. Bush has done during his time. He invaded another country on trumped up charges basically ...