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News about Mortgages:
Cashing out the nest egg - Minneapolis Star TribuneV ernie Anderson almost fell for the phone pitch. "Turn $30,000 into $90,000 with your own Web page," he was told. A reverse mortgage could get him the cash he needed to start an online business. But the local banker balked when Anderson asked for ...
Chapter 7 planned by Seibt - Pahrump Valley TimesHans Seibt, a prominent landowner in Nye County, announced he plans to file for Chapter 7 bankruptcy protection for various companies. Seibt's companies include Clark and Nye County Development Corp., Seibt Enterprises, N.S. Development Corporation ...
Is the Sun about to set? - Guardian UnlimitedNew York Sun editor Seth Lipsky revealed that the publication will shut at the end of the month unless it can find fresh financial backing. Photograph: Corbis Time is running out for the New York Sun, the bastion of conservatism on the Big Apple's ...
Rangel paid no mortgage interest on beach house - Las Vegas SunRep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman says. The New York congressman's lawyer, Lanny Davis, tells The Associated Press that Rangel's no-interest ...
First-time buyers ... celebrate! - Salt Lake TribuneLindsi and Nick Barber are using tax credits to help purchase a Lehi home that should be complete in October. The federal government has yet to put out an easily understood synopsis of the new incentive, but several housing organizations have ...
Business events: Week of Sept. 7 - Roanoke TimesThe Salem-Roanoke County Chamber of Commerce is sponsoring a seminar and workshop. The U.S. Census Bureau will participate as a presenter. The Roanoke Valley Chapter of the Institute for Supply Management will hold a dinner meeting discussing the ...
Rangel had no-interest mortgage more than 10 years - Las Vegas SunRep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press that Rangel got ...
Government poised to seize mortgage giants - Chippewa HeraldWASHINGTON -- The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...
Students forced to embrace a new work ethic - Times OnlineThe unflattering stereotype of the average student, enjoying daytime soap operas or lazy afternoons in the pub, could soon be a thing of the past. This week Times Money spoke to a group of new and existing students about the financial pressures ...
The Fine Print - Marion Chronicle-TribuneCircle K 2220 , 863 S. Main St., Upland, Aug. 18, routine; 1C, 6NC, 1R; NC, the lights in the Noble Roman’s display case are not shatter resistant or plastic covered, five days; NC, employees personal drinks not stored properly in designated areas ...

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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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