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Business past, business present? - Monroe Evening News- Evening News photo by KIM BRENT Headlines of today's state of affairs are reminiscent of those some 70 years ago. One area business, Martin's Shoe House in Monroe, has weathered the times and seen its share of history. Greg Martin (left) and his ...
Prudent steps in hard times - News-StarMonroe Mayor Jamie Mayo, in announcing a plan to hold down spending through the end of the fiscal year, continues to demonstrate the strong fiscal discipline that has allowed the city to build up a hefty rainy day fund. Good thing. It looks like rain ...
Prosecutor: Church Shooting Suspect Confesses, Would Have Killed ... - FOX NewsNov. 25, 2008: Joseph Pallipurath appears in a Walton County courtroom for an extradition hearing. Nov. 25, 2008: Joseph Pallipurath appears in a Walton County courtroom for an extradition hearing. A man accused of driving across the country to ...
Louisiana-Monroe beats Stephen F. Austin 60-58 - FOX NewsMONROE, La. — Malcolm Thomas hit a 15-foot jump shot with time expiring to give Louisiana-Monroe a 60-58 win over Stephen F. Austin on Tuesday night. Brandon Williams hit a 3-pointer with 1.8 seconds remaining, tying the score at 58 before the ...
Viewer Stories: Retirement Prospects Dim - WSB-TV AtlantaI left active duty as a Navy Lieutenant in 1983, got an MBA from UCLA in two years and then worked on Wall Street for 20 years, while actively participating in the Navy Reserves until retirement in 2007. During my peak earning years, I saved and ...
Pecanland Mall owners face financial trouble - News-StarGeneral Growth Properties, which owns Pecanland Mall in Monroe, warned this week that it may need to file for bankruptcy. Company spokesman David Keating didn't return a call from The News-Star on Thursday and Pecanland Mall manager Randy Barnett ...
Heavy Rain Causes Flooding, Evacuations in Western Washington - FOX NewsNov. 12: Jerry Plymire steps over sandbags after helping to prepare the apartment building that he owns for expected floodwaters. SEATTLE — A small dam failed and caused minor flooding in Cosmopolis as heavy rain resulted in flood warnings ...
Daily Report - Baton Rouge Business ReportGeneral Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The real estate ...
CenturyTel and EMBARQ to Merge - MobileTechNews[CenturyTel to acquire Embarq in a transaction worth $11.6 billion.] Monroe, LA and Overland Park, Kan. -- CenturyTel, Inc. and Embarq Corporation announced today that their Boards of Directors have approved a definitive agreement under which ...
Alexandria Mall owner may file for bankruptcy - Alexandria Daily Town TalkGGP, a real estate investment trust headquartered in Chicago, is the nation's second largest mall owner. The company said in a regulatory filing this week that it faces solvency trouble and may seek bankruptcy if it can't refinance or extend nearly ...
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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