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Johnson Capital racks up $120M in deals - Denver Business Journal
Johnson Capital ’s Denver office arranged $120 million in financing for real estate transactions in the third quarter, according to the company. Mike Cantwell, managing partner of Johnson Capital’s local operation, attributed his company’s ...

City asked to rethink affordable housing guidelines - Steamboat Pilot & Today
Steamboat Springs — The developers of the First Tracks affordable housing project were turned down by the Steamboat Springs Planning Commission on Thursday night, yet they still deemed it a successful hearing. “We heard what we needed to hear ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Goldman Sachs has always been considered the leader in investment banking, so it’s no surprise that the firm felt the need to apologize on ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Baby powder - Chicago Sun-Times
When it comes to family vacations, it's hard to beat a ski trip. But flying the family out to Vail or Jackson Hole to play in the powder comes with a hefty price tag. So when it was time to introduce my 6-year-old stepson, Ben, to the sport of ...

Second opinion: excerpts from commentary in other publications - Summit Daily News
Vail Daily, Oct. 9 Jared Polis, the Democratic candidate for Eagle County’s U.S. House seat, may symbolize the future of the Democratic Party, and perhaps even U.S. politics. Polis wants to the United States’ future to be about technology and a ...

Do-It-Yourself Mortgages - US News and World Report
By age 30, Seattle-based freelance writer Jane Hodges was ready to buy a home. But because she was self-employed, she learned that she needed at least two full years of self-employment before lenders would consider her for a mortgage. Writer Jane ...

Affordable home, care of the company - Denver Post
Vail wastewater operator Jim Cliche recently bought a deed-restricted, three-bedroom house with a garage for about $300,000 in Edwards, about 15 miles away from work. He made a $3,000 down payment to close the deal under a new home-help mortgage ...

Ex-First Magnus workers struggle to find equal pay - Arizona Daily Star
1996: First Magnus Financial Corp. opens in October with 12 employees. 1997-1998: First Magnus starts expanding rapidly in Southern Arizona and later throughout the country. 2004: First Magnus completes a 75,000-square-foot national headquarters ...

Leisure Living: Prices holding up in ski areas - Yahoo News
Ski season 's coming, and with it the traditional flurry of sales in second-home markets in mountain resort towns in the West. Locals are hoping this season reverses the downhill slide in sales caused by the national housing recession and tight ...

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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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