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Financial News
General Growth gets loan extension - Business First
General Growth Properties Inc. , the financially struggling operator of Oxmoor Center, Mall St. Matthews and River Falls, has received a two-week extension on $900 million in mortgage loans that came due Nov. 28. The company says it is seeking a ...

Credit Crisis Crunching Some Student Loans - KWCH.com
(WICHITA, Kan.) As turbulence in the economy continues, it's trickling down; through the housing market and automotive industry, and now onto college campuses. Financial Aid Offices are trying to help Kansas students stay in school, and pay for it ...

Treasurys extend gains amid investor worries - WTOP Radio
NEW YORK (AP) - Yields on U.S. government debt touched fresh lows again Tuesday as investors, worried about the economy and the ongoing volatility in stocks, again sought out the safest investments. Yields, which move opposite their price, fell to ...

Merrill Video Gallery - CNBC
CNBC's Charlie Gasparino discusses whether big changes are in store for Merrill Lynch and Bank of America as they move t... Changes at Merrill & BofA The Federal Reserve gave its approval to the Merrill Lynch-Bank of America merger last Wednesday ...

Fed’s Bullard, ‘No Fan’ of Cutting Rates More, Sees Other Tools - Bloomberg
By Steve Matthews and Kathleen Hays Dec. 2 (Bloomberg) -- The Federal Reserve faces limits to cutting interest rates to historic lows, and may need to rely on other tools to revive the economy, said James Bullard , president of the Federal Reserve ...

The Trough on tryptophan - New London Day
1) Gov. M. Jodi Rell is bound for Philadelphia (the nation's true capital) this afternoon, to meet with President-elect Barack Obama. On the agenda: A heartfelt plea that Obama's planned stimulus package -- which is slated to include financial aid ...

Welcome to Bailout Ballpark - Newsday
How about John Q. Taxpayer Field? Or Joe Sixpack Park, in honor of all the people paying for it who have no chance of ever sitting in one of its 40,000 high-priced seats? Bailout Ballpark, anyone? The one thing it should not be called, under any ...

No. 15 Marquette routs Northern Iowa 73-43 - FOX News
HOFFMAN ESTATES, Ill. — Wesley Matthews scored 17 points and No. 15 Marquette used a 20-0 first-half run Friday night to rout Northern Iowa 73-43 in the Chicago Invitational Challenge. Playing its first game outside of Milwaukee this season ...

Strong demand for rental properties - Hexham Courant
THE North-East lettings market remains strong, despite a glut of properties seeking a tenant rather than a buyer forcing rents downward. The latest residential lettings survey by the Royal Institution of Chartered Surveyors (RICS) shows rents ...

Borders: CEO Jones Not Responsible for Sins of the Previous Management - Seekingalpha.com
Matthews writes : The poster child of poor capital management might just be Borders Group. ( BGP ) Borders, which runs one of our favorite book stores in the country (Union Square in San Francisco) is the now-beleaguered bookseller spun out of K-mart ...

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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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