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PMI companies look at condo associations - Boston GlobeWhy should I care about owner occupancy? I have a big down payment. Even if you have a large down payment (and don’t need PMI), you should think about owner occupancy of the condo association you are thinking of buying in. The actuaries that work ...
Column: Someone should go to jail over financial crisis - U-Wire.comLet’s say hypothetically that because of a few bad decisions and utter negligence on my part, I destroyed the Washington Monument. People would be upset. School children would lose a quality backdrop for photographs. Jerry Bruckheimer would no ...
'Our hearts are breaking' as arson site demolished - Detroit Free PressNearly 100 firefighters Wednesday watched a crane smash to pieces the site of a deadly arson that is now being investigated as a homicide and was the site of a previous fire. Arson investigators and Detroit police homicide detectives interviewed the ...
Midnight Pass gets bad reviews from regulators - Herald TribuneMIDNIGHT PASS — The $15 million plan to reopen Midnight Pass is getting tough reviews from federal regulators, most notably from a permits chief with the Army Corps of Engineers who equates the complex project with the building of the Panama Canal ...
Russian President Visits Cold War Ally Castro in Cuba - FOX NewsNov. 27: Cuba's President Raul Castro, right, and Russia's President Dmitry Medvedev take part in a wreath-laying ceremony in Havana, Cuba. HAVANA — Russia's president met with ailing revolutionary icon Fidel Castro on Friday, winding up a visit ...
Voters' failure to evolve leaves toes missing, boat sinking - News-Leader.comIn his 2004 book, "What's the Matter With Kansas?," journalist Thomas Frank recounts the transformation of politics in Kansas from a state which was one of the most progressive and politically experimental states in the union a century ago to one of ...
When a society turns to government, it loses - Las Vegas SunJob creation is absolutely necessary. These jobs must, however, be real jobs that are the product of private industry, which creates wealth. Government is a parasite. It creates nothing. Populations that try to live on the work of others have never ...
Electric Cars at a dealership in Los Angeles (Source: LA Times) - DailyTechA bright star just months ago, electric car industry goes into dramatic reverse. In what many will find a surprising turn of events, electric car sales have plummeted this year, plunging the fledgling industry into financial turmoil. Many ...
Potomac Confidential - Washington Post• Sports : Thomas Boswell, 3 Fisher was online Thursday, Dec. 4, at Noon ET to look at the District's decision to open bars till 5 a.m. during Inauguration Week, the sad state of car sales in the area and the federal government's green light for ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
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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