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Liberal Scholars Hail Conservatives' ‘Abandonment’ of Free Market - CNS News(CNSNews.com) – Congressional passage of a $700 billion Wall Street bailout – legislation that was supported by many Republicans and signed into law by President Bush last week – is an indicator that conservatives have abandoned free-market ...
Waiting for $700B to kick in - Carroll County OnlineWASHINGTON — On Day One, the $700 billion plan didn’t help. Just the opposite. The government’s huge rescue package, aimed at rebuilding economic confidence in the U.S. and around the world, appeared to sound a global alarm instead on Monday ...
Hard times: Town shows economic woes weighing on election - Carroll County OnlineWAKARUSA, Ind. - In this corner of America known as the RV capital of the world, Todd Brink once made a good living producing the gleaming behemoths that cruised the nation's open roads. He was prospering. So, too, was the industry. Then hard times ...
Credit market slows home sales - VindicatorMahoning and Trumbull counties see home sales down for the fifth straight month. Large losses in the stock market have home buyers staying on the sidelines, a real estate official said. “It’s getting tough out there, and Wall Street is not ...
Making some sense of $700b - Boston GlobeHOW MUCH is 700 billion? The mind registers the number with such imprecision as to make it meaningless. One blogger proposed this way of grasping the figure: As a stack of $100 bills, it would reach 54 miles high. But who can imagine that? On the ...
For sale, for less - Baltimore SunHalf the communities in the Baltimore metro area saw average home sale prices decline last year as the housing slump deepened. That's a big change from 2006, the first full year of the downturn, when prices were still rising in eight out of 10 local ...
ABOUT THIS BLOG - CNBCGloria McDonough-Taub is the senior producer here at CNBC responsible for the booking of all things books. She reviews the books that come in to CNBC and works with the shows to decide which author has a good enough story to be featured on our air ...
"At Issue" - National Debt: What it Means to You - WQOWEau Claire (WQOW) - Leading up to the November election, News 18 is taking on some of the tough issues so you're better informed when it comes time to vote. On Thursday, in part one of our series "At Issue", we take a look at the national debt and ...
McCain: He's Lost Alter! - SlateJonathan Alter, Joe Klein, Richard Cohen, David Ignatius, Jacob Weisberg: all former McCain admirers now turned brutal critics. Equally if not more damaging, the shift has been just as pronounced, if less operatic, among straight-news reporters ...
Tax-cut proposals differ in emphasis; both worsen debt - Pittsburgh Tribune ReviewAnyone who wants to know what's at stake in the federal government's efforts to right the U.S. economy might want to pay a visit to John Fetterman's town. Fetterman, the mayor of Braddock, presides over a population with nearly four times as many ...

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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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