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Wall Street's Dow falls nearly 700 points, wipes out much of last week ... - Grand Forks Herald
NEW YORK — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging today, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week’s big ...

Dismal Monday; Dow Tumbles More Than 670 Points - BayInsider
NEW YORK -- Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down more than 670 points and erasing a huge chunk of last week's ...

Stocks fall sharply on consumer spending worries, downbeat data on ... - Chicago Tribune
NEW YORK (AP) _ Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down more than 460 points and erasing a huge chunk of last week ...

NO DIFFERENCE IN BUSH, OBAMA BAILOUTS - Niagara Falls Reporter
Barack Obama and George W. Bush seem to have come away from their study of the Great Depression with similar conclusions: To wit: After the Crash of 1929, the Federal Reserve did not move fast enough to save the banks and inject cash into the economy ...

Matter Of Records: December 1 - Wichita Falls Times Record News
Kell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...

Dollar Falls On Discouraging Economic Data - Street.Com
NEW YORK -- The dollar fell against the major currencies Tuesday as new data showed that American consumers curbed their spending at a rate unseen in 28 years, while a survey showed German consumer confidence improving slightly despite the wider ...

Dollar falls on discouraging US economic data - Boston Globe
NEW YORK— The dollar fell against the major currencies Tuesday as new data showed that American consumers curbed their spending at a rate unseen in 28 years, while a survey showed German consumer confidence improving slightly despite the wider ...

Royal Bank profit falls 15% - Globe and Mail
annie (smith from ontario, Canada writes: Oh too bad, your profits fell 15% but royal bank still made money, but they are trying to cry the blues. They like to play with numbers no doubt. It must hurt the CEO,president and managers bonus payout is a ...

Royal, BMO cut mortgage rates - Globe and Mail
TORONTO — Two of Canada's big banks are cutting mortgage rates on a variety of terms, reflecting a drop in borrowing costs in the bond market, where banks finance their mortgage lending. Royal Bank of Canada said Wednesday it is cutting rates ...

Oil falls another 7% - Toronto Star
COLUMBUS, Ohio – Oil prices fell seven per cent today and American gasoline prices dropped to levels not seen since 2004 as a raft of lousy news about the economy indicated the United States is headed toward the worst recession in decades. After ...

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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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