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Judge Orders Salinas Mortgage Brokers to Pay $315000 - KIONrightnow.com
Judge Orders Salinas Mortgage Brokers to Pay $315000KIONrightnow.comSALINAS, Calif- A civil judgment has been obtained against a local mortgage loan brokerage, Ed Veronick Mortgage Loans, Inc., and its corporate officers and ...Loan brokers ordered to pay $315000The Salinas CalifornianMonterey Real Estate Firm To Pay Back $315KCBS 5all 7 news articles »

Calif. politics has short sellers facing big bills - The Associated Press
Calif. politics has short sellers facing big billsThe Associated PressThat's because state lawmakers have not passed a bill to mirror federal tax relief for people who had mortgage debt forgiven in 2009. Republican Gov. ...and more »

Pike Block developer seeks $250000 grant from Syracuse agency - The Post-Standard - Syracuse.com
Pike Block developer seeks $250000 grant from Syracuse agencyThe Post-Standard - Syracuse.comWallace said the company is hoping the project will spur the redevelopment of other buildings on South Salina Street, pulling some of the success of Armory ...and more »

Correa: Pass tax relief for 'short sellers' now - OC Watchdog: Your Tax Dollars at Work (blog)
OC Watchdog: Your Tax Dollars at Work (blog)Correa: Pass tax relief for 'short sellers' nowOC Watchdog: Your Tax Dollars at Work (blog)Lou Correa, D-Santa Ana, and other lawmakers pleaded Thursday for the approval of tax relief for mortgage debt forgiveness in California. ...and more »

03/21 - Real Estate Transfers - Bradenton Herald
03/21 - Real Estate TransfersBradenton Herald$323530 Gartland Thomas, Southworth Gartland Katherine, Southworth Katherine to Federal National Mortgage Association, Lot 55 Oakley Place, OR Book 02331 ...

Giant road show to aid people facing foreclosure - WPEC
Sun-SentinelGiant road show to aid people facing foreclosureWPECSalinas said her mortgage payment is more than $4000 a month, yet her husband is not working as many hours. Salinas said efforts to work out something with ...Homeowners fly cross-country for mortgage-rescue event in Palm Beach CountyPalm Beach Post (blog)all 42 news articles »

Home-equity stash empty for many homeowners - The Salinas Californian
Home-equity stash empty for many homeownersThe Salinas CalifornianLost home values and job uncertainty are forcing homeowners to lower their mortgage bill ...and more »

Ellis-Robson - Ellsworth Reporter
Ellis-RobsonEllsworth ReporterShe is employed at Sunflower Bank in Salina as a mortgage loan processor. The groom-to-be is a 1998 graduate of Ellsworth High School and 1999 graduate of ...

A conversation with ... Dan Jones - Kansas.com
A conversation with ... Dan JonesKansas.comFor 15 years Dan Jones has been in charge of Capitol Federal Savings' lending operations in the Wichita area, Emporia and Salina. ...

Concerns Over Governor's Plan for More Housing - KIONrightnow.com
Concerns Over Governor's Plan for More HousingKIONrightnow.comShe thinks mortgage payments are just too high, people are losing their homes. And now, she doesn't understand why they're building even more homes. ...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.

    View all Terms
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