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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. When Deal Journal told people we were going to cover an event honoring the 25 Most Powerful Women in Banking, a common reaction was: “There ...
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FHA loans come to rescue of home buyers - Delaware OnlineThe Magnolia resident was drowning in bills and wanted to refinance, but with home prices declining, her consolidated debt totaled almost as much as her home was worth. But the quick refinancings and easy credit of years past were drying up ...
FYI: Business - Tulsa WorldThe U.S. added nearly 1,400 megawatts of wind energy capacity during the second quarter, providing enough electricity to power more than 400,000 homes, according to an industry report released Wednesday. The American Wind Energy Association said new ...
Financial analysts study history as economic crisis mounts - Delaware OnlineWhen finance professor David Hartzell gives a talk about the nation's financial mess, the first thing he does is project a picture of his late father as a symbol of all that's changed in banking. N. Russell Hartzell Jr., who ran Wilmington Savings ...
Positive finance ratings expected - Delmarva NowSALISBURY -- Despite the tremors in world financial markets, Wicomico officials expect high marks again from New York rating agencies. Top county brass went to New York between last Wednesday and Friday and met with officials from Moody's Investors ...
Back to the Day Job: Obama’s Return to DC For Senate Vote - Embeds.blogs.foxnews.comLA CROSSE, WI — Barack Obama is set to return to Washington to cast his vote for the Senate’s economic rescue plan this afternoon — telling the crowd here that urgent action is required. “Even with all these taxpayer protections, this plan is ...
Form 10-Q for BOWNE & CO INC - Yahoo FinanceThe Company desires to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (the "1995 Act"). The 1995 Act provides a "safe harbor" for forward-looking statements to encourage companies to provide ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
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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