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News about Mortgages:
House prices drop back to 2005 level - Northampton ChronicleA survey by the National Association of Estate Agents released yesterday said at least 5,000 properties a week are being put up for sale by "forced downsizers" – people forced to sell for financial reasons. The survey, for a national newspaper ...
MASSACHUSETTS LOCAL NEWS - Union-News & Sunday Republican• Atheist247 -- WOW this is great!! 2 more dir... • Farm55 -- I know the piece. Runs from So... • Swinger469 -- Suckingsound Illegal Casinos? ... • SpfldMatt -- Rt 91 is relatively comparable... • vaio1984 -- I saw another comment on anoth ...
November 2008 - Posts - MSNBC FirstreadFor the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...
Bankruptcy petitions in Northampton up 79% - Northampton ChroniclePetitions for bankruptcy at Northampton County Court have shot up by 79% as people struggle to cope with the credit crunch. A total of 229 bankruptcy petitions were submitted to the court in the third quarter of this year. The change in economic ...
Mayor: Bethlehem can weather storm - Allentown Morning CallThe worst economic crisis since the Great Depression . Mortgage foreclosure filings on pace to increase by a third in Northampton County. The company building the Sands Casino Resort Bethlehem may default on loans. Those aren't good headlines ...
Clinton (Easton, Pennsylvania) - Chicago TribuneLOCK HAVEN, Pa. (AP) _ The seat of Clinton County sits along a river at the foot of a spectacular mountain range in rural central Pennsylvania. On Election Day, what happened here was a microcosm of American duality: Just 327 votes separated John ...
FBI shifts focus to financial crime - Allentown Morning CallAfter 2001 the FBI 's Philadelphia office, like other FBI bureaus around the country, re-focused its manpower and resources to combat terrorism. That left less room for probing other crimes, particularly mortgage fraud. Those investigations were ...
Local Rotary Club continues charitable works worldwide - Baltimore SunWhen the Rotary Club of Miramar/Pembroke Pines packed Lockhart Stadium , they served 150 hot breakfasts to volunteers who helped the homeless. The volunteers carted a few hundred thousand pounds of food into the venue, loaded them onto trucks bound ...
October 30: Councillors must listen to the people - Northampton ChronicleI would like to congratulate the Northampton borough councillors who voted against the proposed pay rise for showing their common sense and respect for the tax-paying public of Northampton. If Joe Public was awarded a five per cent pay rise in the ...
How to build a rock-solid ethical portfolio in uncertain times - Christian Science MonitorVolatile markets can cause even the most bullish investors to pull in their horns. So these days investment professionals who help individuals build ethical portfolios are crafting safe harbors in the storm. Recently, the Monitor's Laurent Belsie ...
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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