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News about Mortgages:
Credit crunch 'to last into 2010' - BBC NewsAnd the HBOS chief said that US money-market investors would not resume channelling of money to UK banks for mortgage-lending until US house prices started to recover - a process he said was set to last well into 2010. "My personal view, for what it ...
RAB Capital CEO steps down after failed Rock bet - The IndependentPhilip Richards has stepped down as chief executive of RAB Capital to concentrate on fund management after losing money on a stake in Northern Rock. The 48-year-old will now focus on running Special Situations, RAB's largest fund with about $1.5bn ...
Mortgage rates tumble - Daily TelegraphThe average fixed mortgage rate has dropped to pre-credit-crunch levels, with Abbey the latest bank to slash the cost of borrowing. The Spanish-owned lender is cutting the rates for new borrowers on two, three and five year fixed-rate home loans by ...
Philip Richards steps down as RAB Capital chief executive - Times OnlineRAB Capital revealed yesterday that Philip Richards would be stepping down as chief executive, as the embattled hedge fund manager reels from a profit warning, a sliding share price and a collection of ill-fated investments, including Northern Rock ...
Borrowers in negative equity to be left out in the cold - Times OnlineThe Government's £200m mortgage rescue package will do nothing to ease the suffering of struggling homeowners in negative equity, as they will be barred from the scheme even if they desperately need to raise cash. Timesonline has learnt that ...
Chevy Rock & Roll 400 starting lineup - FOXSports.comStarting Line Up by Row Richmond International Raceway Provided by NASCAR Statistics - Fri, September 05, 2008 @ 07:46 PM Eastern Speed Time 02:04:04 09/06/97 Date Driver Dale Jarrett Track Race Record: Chevy Rock & Roll 400 1 18 Kyle Busch M&M's ...
Dentist Trial Begins as U.K. Regulator Tackles Insider Trading - BloombergSept. 4 (Bloomberg) -- Neel Uberoi, a dentist from south London, stands trial today for insider trading as the U.K. financial regulator pursues a tougher line on market abuse. Uberoi and a relative, Matthew Uberoi, are charged with 17 counts of ...
Mortgages arrears show sharp rise - Financial TimesArrears and repossessions among prime mortgage borrowers jumped sharply in the second quarter, according to a report by Moody's which suggests that home loans are deteriorating even among borrowers with good credit records. Mortgages held by Granite ...
Russia: Kremlin wins war but faces new battle as investors scramble ... - Guardian UnlimitedFor Russia's leadership, it seemed everything had gone right. In three weeks, the country had invaded Georgia, crushed its military and defied international opinion by recognising the breakaway republics of South Ossetia and Abkhazia. Western threats ...
SOS has gone unanswered - Times OnlineIn the unlikely event that I am ever on a sinking ship with Gordon Brown, I will remember not to rely on him to throw me a life jacket. The Prime Minister's much-heralded “rescue package” for the housing market announced this week was 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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