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News about Mortgages:
Lower US Mortgage Rates Lift Application Demand - CNBCLower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With average 30-year fixed loan rates ...
REFILE-Lower US mortgage rates lift applications demand - ForbesNEW YORK, Nov 26 (Reuters) - Lower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With ...
The Current Global Financial and Economic Crisis - Safe HavenDue to my unique service, I have numerous sophisticated and savvy investors among my subscribers. Some have become friends and supporters of my work. Recently, Arnold Bock, a Canadian living in Mendoza, Argentina and Lorimer Wilson of Toronto, Canada ...
Tennessee's credit card debt is nation's second highest - Nashville TennesseanTennessee had the nation's second highest average credit card debt in the second quarter of 2008, as debt levels and delinquencies continued to climb. The average debt per borrower in Tennessee was $2,168, second only to Alaska at $2,486. Meanwhile ...
Stock relatively flat on mixed bag of news - Edmonton SunThe energy sector was behind 1.2 per cent as the near-month crude oil contract slipped $3.73 to close at US$50.77 per barrel on the New York Mercantile Exchange. The Canadian dollar rose 0.63 cents to 81.63 cents US after surging 2.7 cents Monday. In ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Battering Rams are shredding the U.S. Who will you be during this time ... - Canada Free PressAre we entering a time in our nation when standing for what is right and true may cost us our freedom, money or lives? I see several King Kong sized battering rams racing across our country as we drift away in entertainment land, barely even noticing ...
The Six Lessons from Last Week's Action - Safe HavenThis week we look at a short but excellent summary of the state of the current economic crisis. I always enjoy reading David Rosenberg, the North American economist of Merrill Lynch. He has a no-nonsense style that is refreshing from most ...
Nov 30 - Dec 06 (93) - Andrewsullivan.theatlantic.comYesterday, the president and Christianist Rick Warren had a conversation about HIV and AIDS. As the epidemic continues in this country - still largely among men who have sex with men, especially black men who have sex with men - neither Warren nor ...
In North Port, code violators pay dearly - Herald TribuneNORTH PORT - Andy Schade got a $300 Wal-Mart swimming pool last year as a treat for his daughter's seventh birthday. Now, his father faces nearly $14,000 in city fines -- punishment for running afoul of North Port's relentless code enforcement system ...
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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