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News about Mortgages:
Witness says he was told to cheat - Jackson Clarion LedgerWitness says he was told to cheatJackson Clarion Ledger"Mark advised me to switch numbers," Willie Jones Jr., a former Jackson mortgage broker who pleaded guilty to charges for his role in the alleged scheme, ...
CHASE HOME FINANCE, LLC v. FEQUIERE - Leagle.comCHASE HOME FINANCE, LLC v. FEQUIERELeagle.comJackson v. Mortgage Electronic Registration Systems, Inc., 770 NW2d 487, 490-91 (Minn. 2009). 3. At the hearing on the defendant's motion, ...
Long & Foster Real Estate Names Recruitment Director - DSNews.comLong & Foster Real Estate Names Recruitment DirectorDSNews.comIt is part of The Long & Foster Companies, which also includes Prosperity Mortgage Company; Walker Jackson Mortgage Corporation; Long & Foster Insurance ...
REFILE-Wells Fargo snags Merrill's Jackson for MBS-source - ReutersTopNews United StatesREFILE-Wells Fargo snags Merrill's Jackson for MBS-sourceReutersJackson, a former manager for portfolios of mortgage funding giants Fannie Mae and Freddie Mac, was part of Merrill Lynch Bank of America's Rate Lab ...Wells Seeks to Settle Over Baltimore's LawsuitTopNews United Statesall 105 news articles »
Hot Properties for March 1, 2010 - Charleston Regional BusinessHot Properties for March 1, 2010Charleston Regional Business... an office lease expansion and renewal with Walker Jackson Mortgage Corp., at 497 Bramson Court, also known as Moultrie Office Park, in Mount Pleasant. ...
Next bubble: Commercial real estate - The News JournalNext bubble: Commercial real estateThe News JournalIn December, the loan was transferred to a special mortgage servicer, which manages problem loans, and described as in danger of "imminent default. ...and more »
Weekend Investor - Wall Street JournalWeekend InvestorWall Street JournalAt Bank of Jackson Hole in Jackson, Wyo., a unit of Bancshares of Jackson Hole where consumer lending was up 34%, mortgage rates adjust at least once a year ...and more »
Hospitals won't get bailout cash - Bradenton HeraldHospitals won't get bailout cashBradenton HeraldTAMPA — The 73-year-old man charged with robbing three Tampa banks to pay his mortgage has been released from jail. James Bruce was released on his own ...and more »
Curiosity Killed the 'Cats: Jayhawks Beat K-State, 72-64; Win Big 12 Tourney Title - Rock Chalk Talk (blog)Curiosity Killed the 'Cats: Jayhawks Beat K-State, 72-64; Win Big 12 Tourney TitleRock Chalk Talk (blog)Don't bet your mortgage against these two teams being there come April. Player of the Game - Tyrel Reed - Yes, Tyrel Reed. He had a career-high fifteen ...and more »
Merrill Lynch Vet Heads to Wells Fargo MBS Team - Housing WireMerrill Lynch Vet Heads to Wells Fargo MBS TeamHousing WireBroker-dealer Wells Fargo Securities will add Kevin Jackson to its residential mortgage-backed securities (MBS) team. Jackson will join the ...and more »

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms |