Ford Mortgage Rates and Information Online from competing Lenders

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GMAC Financial cutting 5,000 jobs, ceasing wholesale mortgage ... - Minneapolis Star Tribune
Ford sales dive in August as auto slump continues Factory orders see wide gains led by aircraft Struggling mortgage lender ResCap to cut 5,000 jobs SEC accuses 2 brokers of $1B subprime fraud GMAC subsidiary ResCap closing retail mortgage operations ...

Struggling mortgage lender ResCap to cut 5,000 jobs - Minneapolis Star Tribune
Reports show weak start to back-to-school season Ford sales dive in August as auto slump continues Factory orders see wide gains led by aircraft GMAC slashing work force, reduces mortgage lending SEC accuses 2 brokers of $1B subprime fraud ...

Auto lenders feel squeezed - CNN Money
NEW YORK (CNNMoney.com) -- The nation's automakers aren't the only companies suffering from higher gas prices and weak vehicle sales. Auto lenders are feeling the squeeze as well. Rising unemployment and soaring gas prices have translated into ...

Big Three bailout may be around corner - CNN Money
NEW YORK (CNNMoney.com) -- Plunging auto sales, high gas prices and election year politics could help convince Congress to approve a $50 billion loan package to embattled U.S. automakers that Detroit's Big Three claim is key to their future success ...

Perusing the Economic Data Thus Far - Street.Com
Factory orders for July, which were released yesterday, showed growth for the fifth straight month. Orders rose 1.3% against a guesstimate of 1.0%. Non-manufacturing (services) are a much larger piece of the U.S. economic pie, but this is gorwth in ...

Chat LIVE from the U.S. Open - ESPN.com
Welcome to The Show! ESPN.com will be on-site at Flushing Meadows taking in all the action at the 2008 U.S. Open! ESPN.com writers Greg Garber and Bonnie D. Ford will be dropping by each day throughout the tournament to take your questions. Submit ...

Halifax welcomes stamp duty move - Winsford Guardian
The UK's biggest mortgage lender welcomed the Government's announcement that it was abolishing stamp duty on properties worth up to £175,000. The move means anyone buying an averaged priced house is likely to avoid having to pay the tax, relieving ...

Ford Reports Steep Sales Drop, Cuts Production - CNBC
Ford Motor said Wednesday that sales fell 26.6 percent in August amid steep declines in large pickup trucks and SUVs, and cut its second-half production plans. "We expect the second half of 2008 will be more challenging than the first half, as weak ...

Consumer confidence at record low - Winsford Guardian
Consumer confidence remained at a record low during August as people worried about the current economic situation and the outlook for jobs. But an easing in petrol prices, as well as cuts to mortgage rates helped to prevent people's optimism sliding ...

Listen to WWJ Newsradio 950 live on the Web anytime - WWJ Newsradio 950
New reports indicate that there is more pain ahead for the Michigan economy – but that the end of the state's economic anguish could be in sight. An economic forecast released last week by the Research Seminar in Quantitative Economics at the ...

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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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