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States Push Subprime-Loan Servicers to Ease Terms - Wall Street JournalAttorneys general and banking regulators from 11 states are calling on the nation's largest subprime-mortgage-servicing companies to follow Bank of America Corp.'s lead and embark on a broad-based loan-modification program. "We believe that every ...
BofA deal may help borrowers keep homes - Santa Rosa Press DemocratAn $8.7 billion settlement that will require Bank of America Corp. to modify hundreds of thousands of loans will help many Sonoma County borrowers avoid foreclosure and hold onto their homes, a housing advocate predicted Monday. Bank of America ...
Healdsburg hospital gets infusion - Santa Rosa Press DemocratHealdsburg District Hospital put up $10.1 million in tax exempt certificates for sale on Sept. 9, a day when financial markets seemed reassured by the federal seizure of troubled mortgage giants Freddie Mac and Fannie Mae. And then things went south ...
Competition for CSU Admission Heats Up - KXTV News10NetSACRAMENTO, CA - The economic downturn, coupled with an increased number of projected high school graduates, is making it harder than ever to get into an affordable college, according to high school counselors. "It used to be you could get into a ...
Michael Silvas, President and Co-Owner of Morgan Lane, Named One of ... - PR InsideBoard Chairman Ben Bernanke. Inman News recognized Silvas in the Trade Association and Government Representatives category. Silvas shares this notoriety with some of the most well-known names in the finance and real estate industry such as Bernanke ...
October 2008 - Palm Beach InteractiveThat was former O.J. Simpson private eye Pat McKenna ’s reaction to last week’s armed robbery conviction of the man’s he defended for years. “O.J.’s a guy who’d be jailed for jaywalking,” said McKenna. “This is a guy who’d be ...
McCain, Obama clash over causes, cures of crisis - New Orleans Times-PicayuneNASHVILLE, Tenn. (AP) -- Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield ...
Movers roundup: Williams-Sonoma, PHH - CNBCCHICAGO (AP) — Shares of Williams-Sonoma Inc. sank Monday as an analyst resumed coverage and warned that the home furnishings chain faces significant challenges as same-store sales and earnings per share continue to slide. NEW YORK (AP) — Shares ...
The endangered private, family doctor - Santa Rosa Press DemocratMany come from the most prestigious medical schools in the country to join the Santa Rosa Family Medicine Residency. And over the years, about half of each graduating class stayed in Sonoma County to practice what Rick Flinders, a graduate himself ...
'New' La Casa is a family business - Sonoma Index TribuneThe "new" La Casa Restaurant and Bar is now a family business operated by sisters Marisela Rodriguez and Ana Jauregui. The dynamic duo, who came to Sonoma more than 25 years ago from Jalisco, Mexico, with their family, took over the landmark local ...

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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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