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News about Mortgages:
HUD backs plan to save homes in foreclosure - Journal-NewsHAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure. Central to the county's plan is an untested initiative to keep ...
Pilot's life is hijacked by early-onset Alzheimer's disease - Pittsburgh Post-GazetteAlan Romatowski, 57, has been diagnosed with early-onset Alzheimer's disease. His home is set in a wooded area of Middlesex, Butler County. Alan Romatowski sits in the tasteful suburban living room of his older neighbors listening to Georgia Molloy ...
UPDATE: Imperial Tobacco Fiscal Year Profit +30%, Good Altadis ... - CNN MoneyLONDON -(Dow Jones)- Imperial Tobacco PLC (ITY) Tuesday posted a 30% rise in underlying profit and said it was making very good progress in integrating its Altadis acquisition. Imperial, the world's fourth-largest tobacco company by sales, said that ...
Traber's chaotic tenure at Baylor coming to an end - Houston ChronicleBaylor College of Medicine trustees dismissed Peter Traber as president Wednesday after a tumultuous 5½-year tenure that began with the school splitting with longtime partner Methodist Hospital and ended with it struggling to build its own hospital ...
2nd UPDATE: Imperial Tobacco Fiscal Year Profit +30%, On Altadis ... - CNN MoneyLONDON -(Dow Jones)- Imperial Tobacco PLC (ITY) Tuesday posted a 30% rise in profit, boosted by both its Altadis acquisition and strong sales of its economy cigarette brands in Europe as consumers traded down - a trend it expects to continue in the ...
Mortgage refinancing rush is on - Milwaukee Journal SentinelExperts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...
Do reassessments on drop as well? - Beaver County TimesAbout 10 years ago, I remember a lot of people were very upset that their properties were being reassessed and their property values were being increased, and because of this their property taxes were increased. Bloomberg.com reported last week that ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaThe economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...
BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain NewsDemocratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...
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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