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Loss of confidence in banks continues - Irish ExaminerLOSS of confidence in the Irish banks continued unabated with Anglo Irish Bank becoming the second banking stock to fall below €1. Anglo was down 25% yesterday to end at 0.83 cents, close to the level hit by Bank of Ireland on Monday after it ...
Tempus: Scottish and Southern Energy; Dimension Data; BPP - Times OnlineIan Marchant, the highly regarded chief executive of Scottish and Southern Energy (SSE), is not accustomed to reporting a halving of pretax profits. That was his unpleasant task yesterday as the £11 billion utility group quantified the damage to its ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...
Apple Introduces Pricey New MacBooks - ForbesSteve Jobs would make a terrible politician. Democrat Barack Obama is promising a 90-day moratorium on foreclosures. Republican John McCain is promising to refinance your mortgage. Apple Chief Executive Steve Jobs, however, refuses to pander. If you ...
Kraft, Leggett & Platt, PMC-Sierra, Zions: U.S. Equity Movers - BloombergOct. 17 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. American International Group Inc. (AIG US) fell 14 percent to $2.10, the ...
Intuitive Surgical, Melco, Pozen, Wyeth: U.S. Equity Movers - BloombergOct. 17 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 1:15 p.m. in New York. Health-care stocks advanced after UBS AG said some large U.S ...
Business News Stories - Atlanta Journal ConstitutionAMSTERDAM, Netherlands — Aegon NV, the Dutch owner of U.S. insurer Transamerica, said Tuesday it has signed up with the U.S. federal government's financial rescue program but added it did not yet plan to ask for funds... China approves US-Belgian ...
Family under the foreclosure gun - Recorder Community NewspapersMENDHAM – Valerie and Gary Sylvester and their five children don’t want to become another casualty in the subprime mortgage scandal that has been the focus of worldwide economic blues. But unless the Sylvesters get some last-minute help, they ...
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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