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Alabama mayor arrested on bribery, fraud charges - Guardian UnlimitedAssociated Press Writer= BIRMINGHAM, Ala. (AP) - The mayor of Alabama's largest city was arrested Monday on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes to pay for an expensive wardrobe ...
Morgan Joseph Adds Two New Members to Its Fixed Income Structured ... - PR InsideMorgan Joseph & Co. Inc., a full-service investment bank, has expanded the firm"s analytics and trading group that operate in the secondary market for fixed income structured products with the addition of two new members to the team, it was announced ...
Fannie, Freddie Mortgage-Bond Spreads Retrace Fed-Sparked Gains - BloombergDec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities. The difference between ...
Recession in Japan deepens - MENAFN(MENAFN - The Peninsula) Japan's recession woes deepened yesterday as business investment plunged at the fastest pace in six years and top broker Nomura axed up to 1,000 job cuts to cope with the financial crisis. The bleak snapshot of Japan Inc ...
U.S. to Speed Investment From China Banks, State Fund (Update2) - BloombergDec. 5 (Bloomberg) -- The U.S. agreed to speed up approvals for Chinese financial institutions seeking to invest in the country, as Treasury Secretary Henry Paulson tries to find ways to unlock frozen credit markets and stabilize banks. The ...
Dow drops nearly 680 on consumer spending worries - Sioux City JournalA pair of specialists work on the floor of the New York Stock Exchange, Monday, Dec. 1, 2008. (AP Photo/Richard Drew) NEW YORK - The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging ...
Hong Kong shares close higher on fresh China economic stimulus hopes ... - ForbesHONG KONG (XFN-ASIA) - Share prices closed higher led by China stocks on speculation that Beijing will adopt as early as this weekend more measures to boost the economy, including a further reduction in interest rates and the reserve ratio ...
Premarket roundup: Black Friday, Bankrate - MSN MoneyCentralCircuit City Stores Inc ( CC ) Stock Quote , Chart , News , Add to Watchlist (AP) - Among the premarket stories for Monday, Dec. 1, from AP Financial News: NEW YORK (AP) — Black Friday deals brought more shoppers to discount and mall-based ...
Closed mines, broken dreams in the town that nickel built - Globe and MailSUDBURY, ONT. — When John Rodriguez became Mayor of Sudbury in November, 2006, things had never looked better for the city whose economic fortunes have always been inextricably linked to the price of nickel. The price of the metal was rocketing to ...
Caught in the trap - ArabianBusiness.comNegative equity is a very real concern for thousands of homeowners as they watch property prices fall while mortgage rates rise. With repossessions looming large on the horizon, Alex Delmar-Morgan reports on what the banks need to do to arrest the ...
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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