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News about Mortgages:
Colorado foreclosures up in February - Denver Business JournalColorado foreclosures up in FebruaryDenver Business JournalFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corp.), two government-chartered groups that buy mortgages, ...and more »
Rahm Emanuel and Magnetar Capital: A Love Story - DailyFinanceRahm Emanuel and Magnetar Capital: A Love StoryDailyFinanceTom Adams, a former monoline executive familiar with the deals, says Magnetar's massive market distortions may have singlehandedly fueled the "ravenous ...
Marseilles joins First Republic as relationship manager - Napa Valley RegisterMarseilles joins First Republic as relationship managerNapa Valley RegisterPrior to joining First Republic, Marseilles worked for RMR Financial as a senior loan officer and as a mortgage banker at Wells Fargo Private Mortgage ...
Keith's owner has his bank closed by feds belongibenefit RKO Keith's - YourNabe.comKeith's owner has his bank closed by feds belongibenefit RKO Keith'sYourNabe.comThe landmark RKO Keith's Theatre in Flushing has fallen into disrepair following decades of movie palace glory, but organizers of a ...
Simplify taxes - Arkansas Times (blog)Simplify taxesArkansas Times (blog)But John Adams, Democratic candidate for 2nd District Congress, has one on tax returns. The IRS could draw on salary and bank and other financial ...and more »
First-time buyers 'must be able to cover mortgage interest rate rises' - HouseladderFirst-time buyers 'must be able to cover mortgage interest rate rises'Houseladder... at the start of a mortgage deal will eventually come to an end, meaning that higher payments will then be required. Ms Adams' comments come in response ...Inflating income 'harder for Brits'BountyFirst-time buyers will find it hard to inflate their income, says expertSafestore.co.ukall 3 news articles »
Sun City West couple becomes victim of foreclosure scam - ABC15.com (KNXV-TV)Sun City West couple becomes victim of foreclosure scamABC15.com (KNXV-TV)To date the Adams' mortgage still hasn't been modified. They're hoping now by going directly through their bank they will get some help. ...
Pay up or the parrot gets it, says bank - IndependentPay up or the parrot gets it, says bankIndependentIt sounds like the basis for a Monty Python sketch, rather than a $50000 lawsuit. A woman from Pennsylvania is suing Bank of ...and more »
Exclusive: Mortgage delinquencies rise after Q4 plateau - ReutersReutersExclusive: Mortgage delinquencies rise after Q4 plateauReutersThe surge took Adams by surprise after a fourth quarter when mortgage delinquency rates seemed to plateau. "Did we just see a headfake?" Adams asked. ...and more »
Green Bankshares Names Stephen M. Rownd Chairman and Chief Executive Officer - MarketWatch (press release)Green Bankshares Names Stephen M. Rownd Chairman and Chief Executive OfficerMarketWatch (press release)It also provides wealth management services through its GreenWealth Division and residential mortgage lending through its Mortgage Division. ...and more »

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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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