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Tata Motors Drops After Sales Decline, Rating Cut (Update1) - Bloomberg
Dec. 2 (Bloomberg) -- Tata Motors Ltd. , the maker of Jaguar and Land Rover vehicles, declined the most in almost two weeks in Mumbai trading after sales declined in India and Credit Suisse downgraded the stock. Tata Motors fell as much as 5.8 ...

Long Bond Returns Most Since 1995 as Rosenberg Sees ‘Bubble’ - Bloomberg
Dec. 2 (Bloomberg) -- Thirty-year Treasury bonds are returning the most since 1995 as investors bet the Federal Reserve will buy the securities to help bring down long-term borrowing costs. The so-called long bond has returned 27.8 percent this year ...

India's acquisitive tycoons start selling to raise new funds - Times Online
Bankers expect a wave of asset sales by cash-strapped Indian companies as the country's tycoons struggle to refinance their over-ambitious expansion plans. India's banking system has practically ceased corporate lending after the collapse of Lehman ...

Arsenal hires MLS exec Gazidis as its new CEO - FOX News
LONDON — Major League Soccer's deputy commissioner is leaving to become the chief executive of Arsenal, one of the top teams in the English Premier League. Arsenal announced Wednesday that outgoing deputy commissioner Ivan Gazidis has been hired to ...

Game over?: English football at bursting point - The Independent
Amid a frenzy of borrowing to pay the wages of international superstars– and build extravagant new stadiums – the most treasured clubs in the Premier League have been sold off to foreign investors. But as times get hard, English football could be ...

Redskins LB Fletcher injury has streak in jeopardy - FOX News
ASHBURN, Va. — London Fletcher was one of three Redskins defensive starters unable to practice Wednesday because of foot injuries, putting the middle linebacker's streak of 130 consecutive NFL starts in jeopardy. Fletcher sprained his foot in last ...

Credit-card lenders ease pressure on borrowers - The Independent
New Labour restates its stance with Brown's pledge on tax Two weeks to cut rates, card issuers told Leading article: Ministers should concentrate their fire on the banks Banks 'must free up lending to small businesses' The Sketch: Anything ...

House prices slow with consumer confidence - MyFinances.co.uk
House prices across the UK fell by 1.1 per cent during November, which is the biggest monthly drop since December 2006. Prices in London also took a hit, with the sharpest drop since August 2005 taking place in October. Average residential property ...

Mixed Curse For Rio - Forbes
BHP Billiton 's decision to drop its bid for Rio Tinto may seem out of nowhere, but the market reaction to the announcement -- Rio shares lost more than a third of their value -- is overstated. If only the company would make its own case. Analysts ...

UPI NewsTrack TopNews - United Press International
MUMBAI, Nov. 27 (UPI) -- New explosions rocked a pair of Mumbai hotels Thursday as Indian security forces battled to free hostages taken during terrorist attacks, observers said. A loud blast shook the Oberoi Hotel where scores of special Indian ...

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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
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