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Washington Hospital helps bail out St. Rose - Inside Bay AreaFREMONT — Washington Hospital has approved a $1.5 million grant to help keep St. Rose Hospital in Hayward afloat. The grant, approved last week at the urging of Alameda County health officials, is part of a plan to help St. Rose refinance its debt ...
Mall owner struggles to regain solvency - Bartlesville Examiner-EnterpriseGeneral Growth Properties Inc., which owns Washington Park Mall in Bartlesville, may be forced to file bankruptcy if it is unable to extend or refinance its nearly $1 billion in debt due in December. Steadily declining this year, its stock market ...
Latest Pictures - Newstrack Indiato the merger of the State Bank of Saurashtra with the State Bank of India to enable... Bank of Saurashtra by the State Bank of India , in terms of section 35(2) of the State Bank of India Act, 1955 ii) to introduce Bill (a) repealing State Bank of ...
BSkyB to raise $600 million in bond issue to refinance debt, make ... - Los Angeles TimesLONDON (AP) _ Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp ...
Owner of 7 malls in Washington faces possible bankruptcy - Seattle Post IntelligencerA Chicago company that owns seven mall properties in Washington state faces financial trouble and possibly bankruptcy, but its shopping centers will continue to operate as usual. General Growth Properties Inc. operates Westlake Center in downtown ...
Top salesmen for financial bailout face grilling - WTOP RadioWASHINGTON (AP) - The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Federal Reserve Chairman ...
World leaders pledge to combat global crisis - KTAR.comWASHINGTON (AP) - European and Asian markets on Monday didn't think much of the lengthy action plan world leaders came up with over the weekend to address a sagging global economy. The plan was produced at a weekend meeting of leaders of the Group of ...
UK plumbing supplies firm Wolseley cuts 2,000 jobs - Washington PostLONDON -- Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs across ...
Ecuador auditor says debt irregular, urges default - Washington PostQUITO, Ecuador -- The official overseeing an audit of Ecuador's foreign debt said his committee has found irregularities tied to almost all of the country's bonds and will recommend that it default on its $10.3 billion in debt. After a yearlong ...
Citigroup layoffs trump global economic plan - Seattle Post IntelligencerWASHINGTON -- Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53,000 ...

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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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