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Burke could be close to becoming Maple Leafs GM - FOX News
Just two weeks after leaving that post with the Anaheim Ducks, Burke appeared close Tuesday to joining the Toronto Maple Leafs as president and GM _ a move that has been long-rumored. "It's certainly headed in the right direction, but it's not done ...

White scores 2 in Thrashers' 6-3 win over Leafs - FOX News
Nik Antropov, Jeff Finger and Niklas Hagman had goals for the Maple Leafs, who lost for the eighth time in 10 games. That certainly won't sit well with Brian Burke, who appears to be on the verge of signing a deal to become the Maple Leafs' new ...

Building Flawed American Dreams - The Ledger
SAN ANTONIO — A grandson of Mexican immigrants and a former mayor of this town, Henry G. Cisneros has spent years trying to make the dream of homeownership come true for low-income families. Erich Schlegel for The New York Times Henry G. Cisneros ...

Business digest - Cincinnati.com
McDonald's Corp. will increase the price of its $1 double cheeseburger to $1.19 in December to cover rising costs, ending the sandwich's run as the top-selling item on the six-year-old dollar menu. The world's biggest restaurant company will replace ...

Business briefs - Chippewa Herald
Premium Waters, Inc. is one of the first bottled water companies to receive Safe Quality Food (SQF) Code 2000 Certification, and on Oct. 16, the Chippewa Falls production facility became the first private label water bottler plant in the U.S. to gain ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

Police officials investigating defaced Obama poster in station - Milwaukee Journal Sentinel
Nov. 7, 2008 | Police chief Edward Flynn launched an internal investigation and issued a strong rebuke after a Barack Obama poster with a bullet drawn near his head turned up on a table in the District 5 police station. Flynn learned of the defaced ...

Another lawyer seeks Waukesha County judge spot - Milwaukee Journal Sentinel
Jennifer Dorow of Delafield said she would seek the vacancy created by Circuit Judge Mark Gempeler's pending retirement. Dorow worked as a prosecutor in the Waukesha County district attorney's office for nearly five years and now is doing criminal ...

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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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