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White House overhauling rescue plan - International Herald TribuneSome experts said the delay in carrying out the Bush administration's $700 billion bailout plan had only hurt its prospects for success. "Even if it was adequate before, it's not adequate now," said Frederic Mishkin, a professor of economics at ...
Election pendulum swings back to Obama in Ohio's dying downtowns - Guardian UnlimitedThe travails of Sarah Palin may be making all the headlines in the race for the White House this weekend. But a scandal in Alaska, however embarrassing for the McCain/Palin campaign, is likely to be of only passing interest in Canton, Ohio. Here it ...
Bush weighs new plan to halt financial crisis - Seattle TimesPresident Bush makes a statement as Treasury Secretary Henry Paulson, left, and French Finance Minister Christine Lagarde listen after a meeting with finance ministers from the Group of Seven, or G-7, at the White House on Saturday. WASHINGTON — As ...
Finance ministers seek to calm markets - Times UnionWASHINGTON -- Global finance ministers kept searching for ways to tackle the unfolding financial crisis, turning their attention to its effects on rapidly developing countries and poor nations at risk of being swept up in the turmoil. President Bush ...
US to buy stakes in banks - The AustralianTHE White House is already dramatically overhauling its $US700 billion ($1.07 trillion) rescue plan for the financial markets, delaying the package's rollout at a time when the world credit markets remain locked up. With lending between banks in the ...
Bush, finance ministers vow unity - Chicago Sun-TimesWASHINGTON---- President Bush and financial leaders from nations rich and poor pledged Saturday to intensify their efforts to unblock a frozen financial system before it does more damage to an increasingly shaky global economy. While there were no ...
White House reverses course in overhaul of rescue package - Akron Beacon JournalWASHINGTON: As international leaders gathered Saturday to grapple with the global financial crisis, the Bush administration embarked on an overhaul of its own strategy for rescuing the financial system. Two weeks after persuading Congress to let it ...
Obama rides a wave of bad economic news - Los Angeles TimesNow, at the campaign office in downtown Cary, Pelzel said he spoke almost every day with conservative or Republican voters who tell him they are also leaning toward Obama because of the faltering economy. "They tell me: 'I've been a Republican all my ...
Developing countries feeling fallout from meltdown - Newsweek(NEW YORK) Searching for ways to tackle the unfolding economic crisis, global finance ministers are turning attention to the fallout in developing countries and poor nations. President Bush and world financial leaders sought to display unity Saturday ...
Economic All-Stars - Boston GlobeWanted: Business superstars of all stripes. Big egos are welcome. Polite conversations aren't. Candidates should be willing to labor around the clock. They'll be required to toil together in close proximity and at a frenetic pace. They must hammer ...

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Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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