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Mortgage refinancing rush is on - Milwaukee Journal SentinelExperts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...
On the Job - Northern Colorado Business ReportBill Friedman and Steve Mason have been elected as new directors of Legacy Land Trust. Re-elected to the board are Sheila Baker, Jean Sutherland and Bud Clemons. Friedman is a retired member of the District of Columbia Bar. Mason, a former ...
Kashkari faces major task as 'bailout czar' - USA TodayTreasury Department Assistant Secretary Neel Kashkari puts his jacket on as he arrives at the Dirksen Senate Office Building on Capitol Hill in Washington. WASHINGTON (AP) — In a way, Neel Kashkari's job has always been to keep it together. Today ...
Neel Kashkari: Space engineer to "bailout czar" - Seattle Times"Bailout czar" Neel Kashkari arrives on Capitol Hill last month. The 35-year-old former space engineer and Wharton MBA is head of the Treasury Department's new Office of Financial Stability. WASHINGTON — In a way, Neel Kashkari's job has always ...
TheStar.com | Business | Subprime fiasco to dominate early 2008 - Toronto StarThe first few months of 2008 may bring some clarity on how much money will actually be lost to bad loans made to high-risk borrowers in the subprime mortgage debacle, economists and stock market watchers say. Observers are asking, will the tally be ...
TheStar.com | Business | Feds back inter-bank lending - Toronto StarOTTAWA — Finance Minister Jim Flaherty today threw the big banks another life ring during the current credit crunch by creating a federal lending assurance program that will guarantee loans made by the major financial institutions. "Today I am ...
The Stability Czar, Neel Kashkari, will try to keep it together - Lincoln Journal StarWASHINGTON -- In a way, Neel Kashkari’s job has always been to keep it together. Today he’s known as the 35-year-old whiz kid appointed czar of the Treasury Department’s $700 billion financial bailout. But in a past life, he was a young ...
Bailout czar Kashkari stresses stability - Louisville Courier-JournalToday he's known as the 35-year-old whiz kid appointed czar of the Treasury Department's $700 billion financial bailout. But in a past life, he was a young engineer working on the James Webb Space Telescope, planned as the even-more-intricate ...
Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-ReviewHow about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson, a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...
State dials up 2 new area codes - Milwaukee Journal SentinelNov. 6, 2008 | Telephone customers across much of Wisconsin will get two new area codes, a change that will require dialing the area code for even local calls in the region. The changes are coming because the 715 and 920 area codes are rapidly ...
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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