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Orange County is eligible for USDA federal disaster aid - Mid-Hudson News NetworkWASHINGTON - The U.S. Department of Agriculture has designated Orange County as a Secretarial disaster area – one approved by the Secretary of Agriculture – due to multiple disasters that occurred in 2008. All counties will now be eligible for ...
Salinas' commercial real estate market holds up - Thecalifornian.comWhile national forecasts for commercial real estate are full of doom and gloom for 2009, Salinas markets look surprisingly resilient, especially in the face of the meltdown in local housing markets. "We're not as bad as some other areas but the ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Main Street versus Wall Street. Socialism versus Capitalism. The virtues of a $700 billion rescue package for banks. It all boils down to the ...
Vacancies in office buildings rise faster - Seattle TimesVacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...
Office vacancies loom as problem - Boston GlobeVacancy rates in office buildings exceed 10 percent in virtually every major US city and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and businesses ...
High office building vacancies may mean trouble for banks - New London DayVacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...
Office Rents Slide on Drop in Demand - Wall Street JournalSource: Reis, Inc. Rents for office space dropped 1.2% in the fourth quarter nationwide when such landlord concessions as free rent were taken into account, according to Reis Inc., a New York real-estate research firm. It was the largest one-quarter ...
Fitch Rates City of Long Beach Implied Sewer Revs 'AA-'; Stable ... - EarthtimesAUSTIN, Texas - (Business Wire) Fitch Ratings assigns an 'AA-' implied rating to the City of Long Beach's sewer revenue bonds. The revenue bond lien, of which there are no bonds outstanding at this time and none anticipated until 2013, is structured ...
SOUNDING OFF: - Daily PilotThis national economic crisis has me confused, and I know I am not alone. First we’re told Americans don’t save enough, that we’re out buying flat screen TVs and other consumer goods we don’t need instead of investing in our retirement funds ...
Latest News - dBusinessNews.comGrubb & Ellis Predicts a Challenging 2009 for Commercial Real Estate as Economy Weathers Recession SANTA ANA -- Grubb & Ellis Company , a leading ... Location Based Technologies Reports 10,000 PocketFinder Downloads for Apple iPhone and Google ...
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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