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Brown concedes it's recesssion for two years - This is MoneyGordon Brown conceded yesterday that Britain could be facing a two-year recession as he effectively ruled out a General Election in 2009. The Prime Minister said the downturn could be longer and deeper than forecast if other countries failed to take ...
Reader comments (1) - This is MoneyThe Prime Minister said the downturn could be longer and deeper than forecast if other countries failed to take measures to stimulate the global economy. Despite mounting speculation that senior colleagues want him to call an election this year ...
Cameron: 'I feel like shaking Gordon Brown over his handling of the ... - Daily MailDavid Cameron said today he sometimes feels like ‘shaking’ Gordon Brown over the way he is dealing with Britain's economic crisis. The Tory leader urged Mr Brown to ‘get with the programme’ and admit that Government plans for tackling the ...
Recession could last two years, admits Gordon Brown as he rules out ... - Daily MailBritain could be facing a two-year recession, Gordon Brown conceded today as he effectively ruled out a General Election in 2009. The Prime Minister said the downturn could be longer and deeper than forecast if other countries failed to take measures ...
Election last thing on my mind - PM - Guardian UnlimitedGordon Brown said that it was too early to judge the success of his £37 billion bank bail-out - and insisted he had "no plans" to call a General Election this year. The Government is preparing a fresh bid to push the banks into resuming lending amid ...
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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