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News about Mortgages:
Paulson Plans to Bring Fannie, Freddie Under Government Control - BloombergSept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage ...
Government may soon back troubled mortgage giants - ForbesThe government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's ...
Fannie, Freddie takeover possible - Los Angeles TimesWASHINGTON -- Treasury Secretary Henry M. Paulson Jr. called in top executives of Fannie Mae and Freddie Mac late Friday to hammer out details of a rescue plan for the troubled mortgage giants that could go so far as a full government takeover ...
Gov't may back top troubled mortgage companies - International Herald TribuneWASHINGTON : Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday ...
U.S. Nears Rescue Plan For Fannie And Freddie - Washington PostTreasury Secretary Henry Paulson and other officials met with Daniel Mudd of Fannie Mae and Richard Syron of Freddie Mac. The plan would strip them of their jobs. (Carol T. Powers - Bloomberg News) The government has formulated a plan to put troubled ...
WSJ says gov't may soon back troubled mortgage finance giants Fannie ... - MSN UK NewsShares of mortgage finance companies Fannie Mae and Freddie Mac have tumbled in after-hours trading following a report by The Wall Street Journal that the U.S. government may soon step in to provide a financial boost to the two companies. On it's Web ...
Paulson Plans to Bring Fannie, Freddie Under Government Control - BloombergSept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage ...
US government to take over Fannie Mae, Freddie Mac (Roundup) - Monsters and CriticsWashington - The US government was preparing to take over the twin mortgage finance giants known as Fannie Mae and Freddie Mac, dismiss their top executives and prop up the companies with government funds, media reports said late Friday. The ...
Shares in mortgage giants plummet - Baltimore SunNEW YORK - Shares of Fannie Mae and Freddie Mac tumbled in New York trading yesterday to the lowest levels in nearly two decades as speculation increased that the U.S. Treasury will bail out the mortgage-finance companies, wiping out shareholders ...
Feds plan to seize mortgage giants - Cape Cod TimesWASHINGTON – The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, prop them up financially and dismiss their top executives, federal officials told the two companies yesterday ...

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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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