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News about Mortgages:
Commentary: Why there's a crisis -- and how to stop it - CNNEditor's Note: David Smick, a global strategic adviser, is author of the new book, The World Is Curved: Hidden Dangers to the Global Economy (Penguin Portfolio). He is chief executive of Johnson Smick International, a financial market advisory firm ...
Former IMF economist warns of global recession - Hindustan TimesSimon Johnson, the former chief economist of the International Monetary Fund, warned of a global recession as a result of the devastating financial crisis that has struck the United States and Europe. Johnson said the $700-billion rescue package ...
Johnson's role on Senate panel criticized - Argus LeaderRepublican Senate candidate Joel Dykstra thinks he has struck a chord with voters that Sen. Tim Johnson's actions on the Senate Banking, Housing and Urban Affairs committee have contributed to Wall Street's meltdown. The committee did not adequately ...
Remain calm in the face of global economic turmoil - MSNBCWith new — and frightening — stock market headlines dominating the news on a daily basis, it's getting harder and harder to remain calm. Your retirement accounts may be plunging, your savings and checking accounts may have changed hands in a bank ...
People in the news - Spooner AdvocateAngie Ruid has been promoted to assistant vice president-Mortgage Sales Manager for Johnson Bank-Northwest region serving Hayward, Rice Lake, Spooner, Menomonie and Eau Claire. A resident of Stone Lake, Ruid will oversee the mortgage activity in five ...
Crony Communist or Businessman? - Common DreamsIs Henry Paulson a crony communist or a businessman? The answer could be the difference between economic disaster and recovery. Understanding Paulson's role in stopping-or fueling-the credit crisis requires a review of two axioms from Economics 101 ...
Long view: Consequences game plays out to bitter end - Financial TimesThere is a harmless parlour game called Consequences. It is great fun. People pass around a piece of paper, writing down the name of a man and a woman, where they met, what they said to each other, the consequence and the outcome. By the end, the ...
Randy Sheridan: Digging for dirt or just presenting the facts? - Cleburne Times-ReviewAs it is with most political campaigns, as the election rolls near, there is a tendency for a little mudslinging to go on back and forth. Candidates trade barbs trying to strike a nerve and put their opponent on the defensive or at least get a ...
US headed for recession - Daily PioneerSimon Johnson, the former chief economist of the International Monetary Fund, warned of a global recession as a result of the devastating financial crisis that has struck the United States and Europe. Johnson said the $700-billion rescue package ...
Rescue plan to 'prevent a calamity' - Detroit Free Press"It will prevent a calamity," said Dana Johnson, Comerica Bank's chief economist. "The plan makes the national recession less deep." But Johnson cautioned that the country is probably already in a recession and the bailout package won't end it ...

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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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