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News about Mortgages:
In brief: Food 4 Less | Deerfield Capital | Equity Int'l - Crain's Chicago BusinessDiscount grocer Food 4 Less is tentatively slated to open a store early next year in a former Cub Foods location at the Chatham Ridge Shopping Center, 87th Street and the Dan Ryan Expressway. Food 4 Less signed a lease in August, an executive with ...
Street of risk and loss - San Diego Union-TribuneIt produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...
People of modest means hitched hopes on Little Lake Street - San Diego Union-TribuneIt produced easy money for speculators and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. NELVIN C. CEPEDA / Union-Tribune A "repo" bus tour through Otay Ranch stopped recently on Little Lake ...
Evenflo Co. eliminating 45 salaried jobs - Dayton Daily NewsEvenflo Co. Inc., a privately held manufacturer of infant and juvenile products including car seats and baby bottles, said it is eliminating 45 salaried jobs in Ohio because of the "challenging business environment."... MIAMISBURG — The Miamisburg ...
Northeast Ohio job losses spread; experts say economy will get worse - Cleveland Plain Dealer BlogCarlos Osorio/Associated Press The horizon is dark for automakers like General Motors, which has announced plans to layoff 1,000 workers in Lordstown. Economists call it the "paradox of thrift." As job anxiety spreads, nervous consumers are salting ...
Toys for Tots Drop-off Sites - WBAY Green BayToys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. Locations are listed ...
Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island AdvanceAdvance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...
Mortgage defaults force Denver exodus - KUSA-TVDENVER - Foreclosures are ripping through the rows of new homes in the flatlands where Denver turns to prairie. Every week, 10 more families there need to find someplace else to live. Six months behind on their mortgage, Dave Evans and his wife ...
I.E. Bizzwire - San Bernardino County SunAccording to a news release from the California Association of Realtors, the Federal Housing Finance Agency has announced that the conforming loan limit for 2009 will remain at $417,000 for most areas in the U.S., unchanged since 2006. Loan limits ...
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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