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Obama girls get to see their new White House rooms - Post-BulletinWASHINGTON -- Malia and Sasha Obama got a tour of their new White House digs from Jenna and Barbara Bush on Tuesday and checked out potential schools, capping a busy few days looking into their new life in the nation's capital. President George W ...
Lincoln Financial Group Applies to Become Savings and Loan Holding ... - MSN MoneyCentralPHILADELPHIA , Nov. 17 /PRNewswire-FirstCall/ -- Lincoln Financial Group LNC today announced that it has applied with the Office of Thrift Supervision to become a savings and loan holding company concurrent with reaching an agreement to acquire ...
Insurance shares slump, with Hartford down 29 pct - ForbesShares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity business. Shares of Hartford ...
Insurance shares slump as concerns grow - International Herald TribuneCHARLOTTE, North Carolina : Shares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity ...
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 ...
2008 (2665) - Dakota Voice► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...
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 ...
GMAC Considers Becoming a Bank Holding Company - FOX NewsWASHINGTON — GMAC Financial Services says it's holding discussions with federal regulators about becoming a bank holding company. The move could help it access government funding. GMAC said in a statement Thursday it plans to refinance its debt and ...
Why check with Land of Lincoln Credit Union FIRST for your next auto ... - WAND TVLow Rates -You owe it to yourself to check out Land of Lincoln Credit Union BEFORE you head to the dealership. We offer low rates on the models you want! Fantastic Terms - Choose from the following standard budget-friendly terms: 36, 48 60 or 72 ...
A bailout for 'Boys? - Philiy.comThe Dallas Cowboys are having major financial problems. It's true. Sniffle. According to the Sports Business Journal , which I don't normally read - thanks for the heads-up, Google Alerts - the Cowboys are seeking to borrow an additional $350 million ...
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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