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Mortgage Fraud: Beware the Wolf (Loan Officer) in Sheep's Clothing - 24-7PressRelease.com
A retired mortgage banker turned consumer advocate creates a blog to advise US mortgage consumers to be wary of lenders offering deals that sound too good to be true. They may be accompanied by thousands of dollars in undisclosed/under disclosed ...

Mpls. wins grant for homebuyer program - KSTP
A new grant will allow Minneapolis to expand a pilot program aimed at revitalizing neighborhoods hit hard by foreclosure and helping low-income residents become homeowners. The city launched the Minneapolis Advantage Homebuyer Assistance Program in ...

New businesses - Providence Journal
ADAM AARON KALIDA, LLC: M: Agna N. Khan, 218 Union Ave., Providence 02909. A: Mehdmood Qureshi, 218 Union Ave., Providence 02909. Ferguson & Shamamian Architects, LLP: A: Ct Corp. System, 10 Weybosset St., Providence 02903. Architecture. RI Widget ...

Top 10 news stories for 2008 - Harrison Daily Times
In the early morning hours of Feb. 6, Stephen Williams, 28, of Bryant left a Little Rock bar in his pickup. Witnesses said he was very drunk, even describing him as “out of it.” Click image to enlarge In fact, he was so “out of it” that he ...

ECB FOCUS-ECB faces lengthy wait for rate cuts to hit home - Forbes
FRANKFURT, Jan 7 (Reuters) - If the European Central Bank was really hoping to start the new year with hard evidence that record interest rate cuts are helping the economy, it must be feeling disappointed. ECB President Jean-Claude Trichet has batted ...

Wells Fargo plans smooth transition - Montgomery Advertiser
Wachovia Corp. became part of Wells Fargo Corp. on Thurs­day, but customers in Montgom­ery and the rest of Alabama aren't likely to notice any imme­diate difference. Wells Fargo acquired Wacho­via during a three-month pro­cess that involved a ...

Woes continue for Farwell's Mountain festivals; bank sets foreclosure ... - Grand Rapids Press
Kimberly Megoran has her own way of dealing with the fall of Farwell's Mountain Country and Rock festivals. "I poured everything in a song, 'Already Gone,' " said the events' former publicist, one of many who walked away heartbroken and unpaid when ...

County home values remaining steady - Times-Leader
STEUBENVILLE - House values are remaining constant in Jefferson County, regardless of the news elsewhere where values are slipping. Lewis "Dobie" Piergallini, Jefferson County chief deputy auditor in the real estate division, said many people are ...

County home values stay steady - Herald-Star
STEUBENVILLE - House values are remaining constant in Jefferson County, regardless of the news elsewhere where values are slipping. Lewis "Dobie" Piergallini, Jefferson County chief deputy auditor in the real estate division, said many people are ...

AFC has lion’s share of football’s best this season - Buffalo News
The AFC is the dominant conference in the NFL. That’s the conclusion to draw from the 2009 NFL All- Pro team, selected by this voter for both the Associated Press and Pro Football Weekly. The AFC has 15 of the 24 spots on the team, counting the ...

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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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