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News about Mortgages:
Anglogold secures $1bn deal on debt - Financial TimesAnglogold Ashanti, the world's third-biggest gold producer, yesterday secured a $1bn refinancing that underscored the metal's continuing status as a haven for troubled times. The debt deal - signed in the early hours after three weeks of breakneck ...
Beaumont Hospitals to announce turnaround plan - Detroit Free PressBeaumont Hospitals, long one of the Detroit area’s most financially healthy hospital systems, will announce a financial turnaround plan today, it said in a statement. The hospital system declined further details prior to a 2 p.m. news conference ...
Voices of the Evacuated - Santa Barbara Independentdel.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
GMAC confirms it is in talks to become bank holding company - Detroit NewsWASHINGTON -- GMAC confirmed today it is in talks to become a bank holding company -- a move that would help it access new capital from government regulators. The auto finance company also plans to refinance its debt. The finance company is in ...
Equity Based Services, Inc. Thaws Credit Freeze - PR Insidewww.ebscorp.com - Equity Based Services, Inc. Kurt Ambrosius, 619-220-6700 kurta@ebscorp.com Equity Based Services, Inc. ("EBS") announced an equity recapitalization of its AMS IV Self Storage facility in Austin, TX. The property was originally ...
Stock market bears down on recent retirees' dreams - Detroit Free PressWhen Dan Valle took his buyout from Ford Motor Co. more than a year ago, he did what he thought was the sensible thing. Then age 57, he rolled over a lump-sum payout, roughly a year's salary, into an individual retirement account. He turned to a ...
McCain wants to postpone debate until fantasy baseball season is over - Serioussports NewsnetworkOXFORD, MS — Citing the unbelievable pressures facing most fantasy baseball playing Americans and the heady times that are coming up this weekend, John McCain has proposed that the presidential debate between he and democratic candidate Barack ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
Agency offers mortgage assistance to homeowners in trouble - Palm Beach PostWASHINGTON — After more than a year of piecemeal mortgage-relief initiatives, Washington and the mortgage industry Tuesday announced the most sweeping effort to date to get at the heart of the credit crisis - falling U.S. home prices and record ...
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