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Cowboys stadium gears up for 'crunch time' - Fort Worth Star-TelegramTrees have been planted along Baird Farm Road south of the stadium. Crews at the new Dallas Cowboys stadium have finished the concrete floor where the artificial-turf field, or possibly a basketball court, can be laid. Currently sitting on the ...
GE: Not-So-Good Things Come to Light - Seekingalpha.comWhen is a stock safe enough to buy when it becomes difficult for corporations to find financing? We can answer the question two ways: 1) Why should we buy stocks when the financial markets are choking? Better to sit on cash. 2) We can’t tell when ...
Mall expansion still on track despite GGP's financial woes - Kingsport Times-NewsKINGSPORT — Plans to expand and renovate the Kingsport Town Center starting next year are still on track. That’s despite the soft economy and potential bankruptcy of Chicago-based General Growth Properties Inc., the third-party manager of the ...
Mid-Columbia construction slowing, remodels picking up - Tri-City HeraldWhen new housing starts to slow down, home remodels tend to pick up. It's a trend that David Barber, owner of Barber Construction in Walla Walla, is observing in this time of economic uncertainty, tighter lending standards and a softening housing ...
Paul Domowitch: Wall Street woes could affect a team near you - FOXSports.comCowboys owner Jerry Jones, whose $1.2 billion showplace is scheduled to open next season, is trying to borrow $350 million by the end of the month to help refinance an existing loan and pay for cost overruns on the stadium, according to Sports ...
Rivals to this day - Columbus DispatchE. Gordon Gee, left, president of Ohio State University, sought an on-campus arena in the 1990s. Then-Columbus Mayor Greg Lashutka wanted an arena Downtown. After years of failed efforts, it was becoming clear in 1994 that Columbus was on the verge ...
Bailout goes from necessary to nightmarish - Atlanta Journal ConstitutionThat $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...
CapeCodToday Blog Chowder - Cape Cod Today"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Labour trying to undermine rival HBOS bids–Salmond - ScotsmanALEX Salmond increased the pressure on the UK government over the HBOS takeover yesterday, accusing Labour politicians of "leaking and briefing" in an attempt to undermine rivals to the Lloyds TSB bid. He also accused Gordon Brown, the Prime Minister ...
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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