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BofA could move jobs to Charlotte - Charlotte Business Journal
Bank of America Corp. will likely relocate 650 jobs from the bank’s namesake skyscraper in midtown Atlanta to Charlotte unless the building gets a major renovation. BentleyForbes Group , owner of Bank of America Plaza in Atlanta, and attorneys ...

Mall’s owners may face bankruptcy - Lake Wales News
General Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 ...

OK, bring in the lawyers - Crain's Chicago Business
If Ira Bodenstein needed any confirmation that the bankruptcy business was benefitting from the current financial crisis, he got it in early October, when he walked into UBS Tower in downtown Chicago to moderate a one-day consumer bankruptcy seminar ...

'Dubai Dream' may be over - The Age
The "Dubai dream" may be over because lower oil prices will leave smaller fiscal surpluses among its crude-exporting neighbors to invest in the emirate, said Citigroup. "We believe it is safe to say the Dubai dream is perhaps over," Citigroup ...

Dubai Is Most Vulnerable Place in Gulf to Lower Oil Prices, Citigroup ... - Bloomberg
Nov. 18 (Bloomberg) -- The ``Dubai dream'' may be over because lower oil prices will leave smaller fiscal surpluses among its crude-exporting neighbors to invest in the emirate, said Citigroup Inc . ``We believe it is safe to say the Dubai dream is ...

Dubai dream may be over on lower oil price: Citigroup - Gulf Times
LONDON: The “Dubai dream” may be over because lower oil prices will leave smaller fiscal surpluses among its crude-exporting neighbours to invest in the emirate, said Citigroup. “We believe it is safe to say the Dubai dream is perhaps over ...

Gulf Shares Fall on Economic Concern; Abu Dhabi's Index Gains - Bloomberg
Nov. 18 (Bloomberg) -- Persian Gulf shares declined, as global markets retreated on economic concern and Citigroup Inc. said Dubai is the most vulnerable in the region to the global slowdown. Abu Dhabi's measure advanced. Emirates NBD PJSC, the ...

Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.com
Russia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...

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 ...

HSBC seeks to buy back London tower - Financial Times
HSBC is in talks to buy back its UK headquarters in Canary Wharf for up to £300m less than the price it sold the tower to Spanish property company Metrovacesa only a year ago. Metrovacesa has until the end of November to refinance a £810m loan with ...

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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.

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