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News about Mortgages:
Seeking a Piece of 'Bailout Pie' - Washington PostWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
Borrowers look for a 'taste of the bailout pie' - MSNBCWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie ... - Washington PostWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
Mortgage Lenders Report Rise In Number Of Refinancing Applications ... - All Headline NewsWashington, D.C. (AHN) - The Tuesday announcement by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke of an $800 billion package designed to help consumers obtain loans and refinance their home mortgages have stirred ...
Local builders tell of headaches with FDIC - Houston ChronicleLocal builders who had loans with defunct Franklin Bank SSB worry that the Federal Deposit Insurance Corp. could cost them business because of its cumbersome bureaucracy. Bank regulators seized Franklin nearly three weeks ago and arranged for Houston ...
Secretary Paulson Remarks on the U.S. Economy and Financial System - eGov MonitorGood afternoon. Thank you for the opportunity to provide an update on the current state of the U.S. economy, our implementation of the financial rescue package and strategies for use of the remaining TARP funds. Today we continue to work through a ...
Highlights from history: How America went from 'nation of renters ... - Marshall Democrat-NewsEditor's note: Nationwide, the housing market crisis is spreading throughout the economy. Staff writer Kathy Fairchild has been doing research on how the crisis is affecting Saline County, how the situation developed and what people can do to weather ...
Ukrgasbank: The Word 'Competitiveness' Became Just a Fetish to Us - EIN NewsIt is vitally necessary to find a cure for the crisis through an honest diagnosis. This was the subject of the interview with Ukrgazbank Board Chairman Vadym LYASHKO. KIEV, UKRAINE, November 29, 2008 /24-7PressRelease/ -- The cloud of crisis that ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The absurdist drama “The Bailout,” now playing under the Capitol Rotunda, is perversely reassuring. It has reinforced my long-held belief ...
Regulators arrange for Prosperity Bank to acquire Franklin Bank - Houston Chronicle• How does this failure affect me?: If you held an account at Franklin Bank, SSB, you now have one at Prosperity Bank that you can access at your former Franklin Bank branches during regular business hours. If you had a loan with Franklin Bank ...
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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