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News about Mortgages:
• February Economic Data Enters the Bermuda Triangle - Seeking Alpha (blog)• February Economic Data Enters the Bermuda TriangleSeeking Alpha (blog)I agree with the criteria for determining what a sustainable level of new mortgage apps should be, but your implied assumption that there will not be a ...
Fed's Bernanke sees US backing Fannie, Freddie debt - ReutersFed's Bernanke sees US backing Fannie, Freddie debtReuters"My assumption is the mortgage backed securities which are already outstanding will be grandfathered and will retain the US government backing that they ...and more »
US House GOP calls for Fannie, Freddie phase out - ReutersUS House GOP calls for Fannie, Freddie phase outReuters"My assumption is that sometime soon, I'd hope soon, that the Congress will reform Fannie and Freddie, perhaps break them up, perhaps make them officially ...and more »
Compare Mortgage Interest Rates Today – March 16 Loan Rates Mixed - Subprime Blogger (blog)Compare Mortgage Interest Rates Today – March 16 Loan Rates MixedSubprime Blogger (blog)Before making the assumption that you will qualify for a mortgage rate in this area please understand that your credit score will go a long way in ...and more »
'How's the Recession Going in Your House?' - Wall Street Journal'How's the Recession Going in Your House?'Wall Street JournalWhy are we making the assumption that things got worse? If you didn't lose your job, then for the last 12 months you've been enjoying a low prime rate on ...
About this author: - Seeking Alpha (blog)About this author:Seeking Alpha (blog)This works out to about a 50% loss severity assumption on all 30+ days past due loans, which is fairly conservative. Even assuming a 50% default rate and a ...and more »
National Bank and Trust Company Acquires the Business of Parma based American ... - MarketWatch (press release)National Bank and Trust Company Acquires the Business of Parma based American ...MarketWatch (press release)The acquisition did not include the mortgage servicing business conducted by American National Bank by its division Leader Financial Services. ...and more »
US Constitution & Census - I DISagree with Stan Milam! - Janesville Gazette (blog)US Constitution & Census - I DISagree with Stan Milam!Janesville Gazette (blog)The assumption is offensive. If you are selected as one of 400 or so households, you will be forced to fill out a more complete survey beyond the ...and more »
Highlights: Bernanke, Volcker testimony on banking regulation - CNBCHighlights: Bernanke, Volcker testimony on banking regulationCNBCMy assumption is that the mortgage-backed securities which are already outstanding will be grandfathered and will retain the US government backing that they ...and more »
Too big to fail is alive and well in the Senate's financial reform. - Wall Street JournalToo big to fail is alive and well in the Senate's financial reform.Wall Street Journal... Basel capital rules that encouraged banks to hold mortgage-backed securities, and so on. The Democratic reform assumption is that these same regulators ...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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