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Kimball International plans to sell 27,000 acres - Courier-JournalKimball International, based in Jasper, Ind., plans to sell its undeveloped land holdings and timberlands -- about 27,000 acres in Indiana and Kentucky. The company no longer operates its own lumber mills. "Kimball share owners will be better served ...
Business Notes - Lexington Herald-LeaderNew policy would require drug, alcohol testing for all miners The federal agency that regulates the nation's coal and non-coal mines says it will revise its drug and alcohol policy to include substance abuse testing for all miners. Mine Safety and ...
Southern women (and men) know Palin - Atlanta Journal ConstitutionSouthern women — and the men who love them — will identify instantly with Alaska Gov. Sarah Palin. Her speech last night was brutally effective. Democrats do not know how to react today. They’re stumbling all over the place trying to construct ...
H'WOOD BIG EYES CITY 'ART HOUSE' - New York PostFallen Hollywood kingpin Michael Ovitz is bidding to make a splashy move to the Big Apple by buying a museum in Chelsea and building a palatial loft above it for himself and his growing art collection, The Post has learned. Ovitz, 61, has been in ...
INDUSTRY NEWS & PEOPLE July 2007 - Business Travel ExecutiveThe Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...
New Wave Of Rita-Related Lawsuits Filed Against Countrywide - Insurance News NetFeb. 4--With Hurricane Rita threatening the Gulf Coast in September 2005, Samantha McCormick left her Lumberton home for the Texas Hill Country. Unable to transmit her mortgage payment because of storm-related power failure back in Southeast Texas ...
Calgary poised to go Liberal, party Leader says - Globe and MailR L from Calgary, Canada writes: Urban Calgarians are feeling alienated from the Alberta government. - Highest rate of increase in homelessness on the entire planet. - Less affordable housing than anywhere in the Western Hemisphere (minimum $1,100/mo ...

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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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