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News about Mortgages:
Federal mortgage fraud case expanded - Palm Beach PostFederal mortgage fraud case expandedPalm Beach PostRussell Jay Williams, a Fort Lauderdale attorney representing Vitulano, said charges also should be filed against underwriters and banks that approved the ...and more »
Mortgage modification businesses ordered to cease and desist - Marco EagleMortgage modification businesses ordered to cease and desistMarco EaglePlease wait while the video player loads. If you do not see it in a few seconds, please download the latest version of Adobe Flash ...and more »
Officials: Lenders must help stem foreclosures - Business GazetteOfficials: Lenders must help stem foreclosuresBusiness GazetteErika Williams, communications director for the Maryland Association of Mortgage Professionals, said the trade group's executive director was unavailable ...and more »
Fannie Mae Reports on Activities in 2009, Changes 'Outlook' for 2010 - DSNews.comDSNews.comFannie Mae Reports on Activities in 2009, Changes 'Outlook' for 2010DSNews.comAccording to the report, Fannie Mae provided $823.6 billion in funding to help keep the single-family and multifamily mortgage markets operating during 2009 ...and more »
New mortgage rules leave homebuyers confused - Montreal GazetteNew mortgage rules leave homebuyers confusedMontreal GazetteFrank and Susan Williams bought a house near Hamilton, Ont., this month, they followed a time-honoured tradition of using leveraged financing. With mortgage ...and more »
Confusion remains over new mortgage rules - Calgary HeraldConfusion remains over new mortgage rulesCalgary Herald... mortgages that come into effect on April 19, the Williams (not their real name) would probably not have qualified for the variable-rate mortgage. ...
Sacramento-area home sales dismal in February - Sacramento BeeSacramento-area home sales dismal in FebruarySacramento BeeBut prospects for spring are stronger with thousands of new sales contracts blossoming across the region, say real estate agents and mortgage brokers. ...and more »
William Mills Agency CEO Speaks at National Reverse Mortgage Lenders ... - MarketWatch (press release)William Mills Agency CEO Speaks at National Reverse Mortgage Lenders ...MarketWatch (press release)... Mills asserted, reverse mortgage lenders can get the best results from their marketing budgets. William Mills Agency was founded in 1977 and promotes ...and more »
Embattled regulator Toll hires attorney - Denver PostEmbattled regulator Toll hires attorneyDenver PostDuring her three years as the division's director, Toll has investigated numerous mortgage brokers and appraisers, including participants in an alleged scam ...
Eviction, crime led to my mere survival - Bradenton HeraldEviction, crime led to my mere survivalBradenton HeraldIt was a smart move: We got our $200 back, and Williams went to jail. Oh, and we got evicted from our house because we waited too long to pay the mortgage. ...

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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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