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Bankruptcy records detail Vick's lavish spending - CBS Sportsline
RICHMOND, Va. (AP) - Michael Vick was once the NFL's highest-paid player, and he spent like it. One of his friends tools around in a $31,000 Cadillac DTS. His former personal assistant steers a $45,000 Infiniti M45 and has a pair of power boats. His ...

Details of Vick's bankruptcy filing reveal QB spent much of fortune - ESPN.com
RICHMOND, Va. -- Michael Vick was once the NFL's highest-paid player, and he spent like it. One of his friends tools around in a $31,000 Cadillac DTS. His former personal assistant steers a $45,000 Infiniti M45 and has a pair of power boats. His ...

Madigan suing a Plainfield company - Herald News
CHICAGO -- A Plainfield company is among seven "so-called mortgage 'rescue' companies" that were sued Monday by Illinois Attorney General Lisa Madigan. Madigan said the companies were scamming vulnerable homeowners who are on the verge of foreclosure ...

Madigan sues 7 companies over mortgage schemes - St. Louis Business Journal
Illinois Attorney General Lisa Madigan sued seven so-called mortgage “rescue” companies late Monday and warned consumers about an alarming rise in these scams that prey on vulnerable homeowners on the verge of foreclosure. Con artists targeted ...

TowneBank Announces Quarterly Cash Dividend - MSN MoneyCentral
The amount and declaration of future cash dividends are subject to Board of Director's approval in addition to regulatory restrictions. G. Robert Aston, Jr., Chairman & Chief Executive Officer said, "We are pleased to declare our eighth consecutive ...

Morning Briefing - Batavia Sun
School bus drivers with First Student in Naperville voted 258-74 to join the Teamsters, according to a press release. The bargaining unit consists of 417 workers. The Naperville workers are the latest group of First Student drivers in Illinois to ...

Events for November 15-17, 2008 - New York Observer
8:30 a.m. City Comptroller Bill Thompson will be among the speakers at Democratic State Senate Leader Malcolm Smith's first Annual Education Conference, held at the Far Rockaway Community Church of Nazarene, 1414 Central Avenue, in Far Rockaway ...

Layoff frenzy likely to spread beyond construction, banks - Arizona Daily Star
WASHINGTON — With the number of new claims for U.S. jobless benefits hitting a 16-year high, some economists warn of further waves of layoffs in the months ahead. Even already battered industries such as construction and manufacturing are expected ...

Jobless claims hit 16-year-high - Charleston Gazette
WASHINGTON - With the number of new claims for U.S. jobless benefits hitting a 16-year high, some economists warn of further waves of layoffs in the months ahead. Even already battered industries such as construction and manufacturing are expected to ...

Jobless claims jump unexpectedly to 16-year high - Forbes
With the number of new claims for U.S. jobless benefits hitting a 16-year high, some economists warn of further waves of layoffs in the months ahead. Even already battered industries such as construction and manufacturing are expected to see more job ...

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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