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News about Mortgages:
We're enjoying record prosperity, study finds - The AgeWe're enjoying record prosperity, study findsThe AgeAt the end of 2009, it took the average worker 1.58 weeks worth of wages to make their monthly mortgage repayment, up from 1.27 weeks a decade ago. ...and more »
Ashland County Real Estate Transactions - Mansfield News JournalAshland County Real Estate TransactionsMansfield News Journal... Thomas D. Kithcart by Sheriff E. Wayne Risner, to Federal National Mortgage Association, $18667 1730 Upland Drive, Ashland, Leah Burnette Trustee of the ...
'Let's Make A Deal' Strains Wayne Brady to the Point of Doctor Care - The Jacksonville Observer'Let's Make A Deal' Strains Wayne Brady to the Point of Doctor CareThe Jacksonville ObserverHe continues, “Some people are there to have a blast; others because it's their last chance, and they may be there to win money for mortgage payments. ...
Wayne Collett, Track Medalist Barred Because of a Protest, Dies at 60 - New York TimesNew York TimesWayne Collett, Track Medalist Barred Because of a Protest, Dies at 60New York TimesHe worked in a law practice and real estate and mortgage businesses. In 1992, he was elected to the UCLA Athletics Hall of Fame. His survivors include his ...and more »
Lender AMP defies the big banks on home loan rates - NEWS.com.auNEWS.com.auLender AMP defies the big banks on home loan ratesNEWS.com.auThe four major banks now have 90 per cent of the trillion-dollar mortgage market - a 28 per cent increase between June 2008 and June 2009. ...and more »
Sue Your Lender, Save Your Home - Housing WatchSue Your Lender, Save Your HomeHousing WatchFor homeowners struggling to keep up with their mortgage payments, their best hope may be negotiating a lower, ...and more »
Wayne Collett dies at 60; UCLA sprinter won silver medal at '72 Olympics - Los Angeles TimesLos Angeles TimesWayne Collett dies at 60; UCLA sprinter won silver medal at '72 OlympicsLos Angeles TimesCollett practiced law and later worked in real estate and mortgage banking. Survivors include his wife of 37 years, Los Angeles County Superior Court Judge ...and more »
Community Center seeks to pay off mortgage - Wayne IndependentCommunity Center seeks to pay off mortgageWayne IndependentThe board is making annual payments of $5000 to the Wayne Highlands School District in an agreement reached a few years ago. They have made four out of 18 ...
Baseball's Dykstra sues JPMorgan for $100 million - Reuters CanadaSportsnet.caBaseball's Dykstra sues JPMorgan for $100 millionReuters CanadaHe said the thrift them reneged on an assurance it would let him refinance a mortgage used to buy a mansion from hockey legend Wayne Gretzky. ...JPMorgan Accused by Ex-Mets Player Dykstra of Predatory LendingBusinessWeekLenny Dykstra Wants Millions From WaMuCourthouse News ServiceJPMorgan sued by former Mets baseball player for reneging on loanBobsguide (press release)all 69 news articles »
Highs and lows of flood zone life - NorthJersey.comHighs and lows of flood zone lifeNorthJersey.comThe only way to attract buyers, real estate agents say, is to set a realistic price, since buyers will expect lower monthly mortgage payments to make up for ...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.
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