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HuffPost Readers Blog The Meltdown - Huffingtonpost.comWe've pulled together a selection of some of the standout stories to share with the rest of our readers -- both to do our part to document the downturn and to make sure that everyone out there feeling the financial pressure knows that they are not ...
Space invader alert! - The AgeIn space, no one can hear you scream - right now in investor space that is. The horror unfolds all about, alien monsters surface hungry on the stock market landscape, tearing companies limb from limb, sinking their jagged fangs into punters' soft ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Wells Fargo: Clearly, there are numerous pitfalls that Wells Fargo will need to navigate, but in the short run, at least, it won. Wells Fargo ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
WHEN VIKINGS TREMBLE - Der SpiegelThe day doesn't start off well for Hanna Hrefnudottir. The interior designer has arrived early to stand in line in front of Glitnir Bank in downtown Reykjavic, and she's the first person to make her way to the teller counter. She pleas, she begs and ...
Fidel Castro Slams Bush Speech - La Prensa LatinaHavana, Jan 30 (Prensa Latina) President Fidel Castro said that the speech by US President George W. Bush at the Congress is the worst of them all on account of its demagoguery, lies and total absence of ethics. In his Wednesday"s article entitled ...
Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - BloombergOct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...
Why Does College Cost So Much, and Is It Worth It? - FOX News"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...
McCain: No there there for Obama - Boston GlobeIn his first post-debate appearance, John McCain promoted his plan to have the federal government directly buy mortgages and refinance them at lower interest rates to help beleaguered homeowners. "We need to act quickly and decisively," he told ...
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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