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News about Mortgages:
$8.5 Trillion and Counting - Reason.comThe L.A. Times on Sunday updated the numbers on 2008's historic (and historically awful) round of bailouts, and came out with a shiny new figure: $8.5 trillion . It's a useful piece of journalism, so I almost hate to complain, but the lead-paragraph ...
Latvia reassures on bank amid fear of new crisis - Guardian UnlimitedRIGA, Nov 9 (Reuters) - Latvia is to give second-largest bank Parex a $361 million injection of funds after the state took it over at the weekend, making it the first victim of the global financial crisis in the Baltic state, officials said on Sunday ...
Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts - BloombergNov. 21 (Bloomberg) -- Developing nations' borrowing costs rose the most in a month this week, hampering the ability of governments to refinance $1.2 trillion of short-term debt and hastening appeals for international bailouts . The extra yield ...
Carlsberg Cuts Forecast, Will Close British Brewery (Update3) - BloombergNov. 5 (Bloomberg) -- Carlsberg A/S , the Nordic region's largest brewer, lowered its full-year earnings and sales forecast and said it will cut jobs and close a U.K. plant amid ``deteriorating'' markets in northern and western Europe. Sales this ...
Latvia says bank works normally after govt rescue - ReutersRIGA, Nov 10 (Reuters) - Parex, Latvia's second-largest bank which the government took over at the weekend after a run of withdrawals, was working normally on Monday, officials said, though people continued to take money out. Parex is the first ...
Lithuania-same fate as Iceland? - Baltic TimesVILNIUS- Lithuania's future prime minister and chairman of the winning Homeland Union Andrius Kubilius warned that the government’s deficit may reach six billion litas (1.739 b euro) in 2009. Failure to shrink this debt may put the country at ...
Europe's financial crisis is spreading eastward - Christian Science MonitorBerlin - A rapidly mounting currency crisis within Eastern Europe is threatening to spill across the wider European Union, an event that could spark a second epicenter in the global financial crisis, economists say. That's why the International ...
Gazprom CEO says foreign cash available - paper - ReutersVIENNA, Oct 30 (Reuters) - Russian gas export monopoly Gazprom (GAZP.MM: Quote , Profile , Research , Stock Buzz ) is not worried by its financial position and can use more credit lines from foreign banks if needed, its chief executive was quoted as ...
Economic Problems Threaten Central and Eastern Europe - BusinessWeekFirst, the financial crisis hit the U.S. Second, the fallout made its way across the Atlantic to Europe. Now, the credit crisis has its sights set on Central and Eastern Europe (CEE) — to date, the fastest growing region of the Old World. Yet this ...
Which country will slither down the slippery slope next? - The IndependentThe threat of a worldwide recession leaves many other countries fearing for their future financial and economic strength. Simon Evans, Mark Leftly and Jesse Loncraine assess the health of 16 states on the 'at risk' list No country in the world ...
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