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News about Mortgages:
Countrywide to pay $13.5M in refunds, grants in North Carolina - Triangle Business JournalMeadowview foreclosure prevention workshop planned California, Arizona take different approaches to fix mortgage mess Prudential to sell Wachovia Securities stake to Wells Fargo J.D. Power ranks SunTrust No. 1 for mortgage origination; Wachovia drops ...
Guru Praises UK Response To Crisis - AnanovaThe UK Government has led the way in tackling the global financial crisis - but its decision to put up the top rate of tax to 45% was "foolish". That is the view of US publishing guru Steve Forbes who said Britain and America both have a lot to learn ...
Forget the subprime mortgage mess — Collin Peterson in Europe trying ... - DL-OnlineU.S. Rep. Collin Peterson, D-Minn., left for Europe this weekend to discuss ways to regulate little-known and difficult-to-understand “credit default swaps.” “It has to be global,” Peterson said, so he and other House Agriculture Committee ...
Forecast raises Dallas risk of mortgage defaults to moderate - Dallas Morning NewsThe latest mortgage market measurement gives the Dallas area a moderate risk of widespread mortgage defaults. San Francisco-based researcher First American CoreLogic rated the Dallas area 174th out of the 376 metropolitan areas it includes in its ...
Forced sales of homes jump - West OnlineThe forced sale of Perth houses at opposite ends of the property market underlines how the economic downturn is hitting luxury and budget homes alike. A Marmion home at 2 Lennard Street is valued at about $1.4 million and will be the subject of a ...
Stockdale City Council meeting - Wilson County NewsToday, I had a visit from the City of Stockdale, Texas. I have too many animals. According to the City's ordinance, people of this town are only allowed to have 3 animals, inside or outside their homes. I was "graciously" given 7 days to get rid of ...
Blankety Blank - Popmatters.comIn this totally bizarre exploration of what an overgrown American suburb filled with shallow upper-middle class characters might look like if a serial killer from an alternate universe showed up and started wreaking havoc, D. Harlan Wilson has ...
Sunny Says:Free Trip for L.A. Premiere of Marley & Me - KGMB9The Hawaii Pet Magazine is the official sponsor of Marley & Me starring Jennifer Aniston & Owen Wilson. They are celebrating by giving away a trip for 2 to the December 11th Los Angeles Premiere of Marley & Me as well as 260 passes to the local ...
Proposed five-bed hospice given community mandate - Wairarapa Times-AgeCommunity support for a proposed five-bed residential inpatient hospice for Wairarapa was given a formal mandate at a meeting in Masterton on Monday night attended by around 100 people. Hospice Wairarapa Community Trust chairman Lloyd Wilson said ...
New leaders at BT and Asgard - Financial StandardChris Freeman will retain his title as head of BT Wrap while Wayne Wilson will lead the St.George Business Solutions and Asgard divisions following the St.George/Westpac merger. BT Financial Group announced the appointments yesterday, which includes ...
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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