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China 2008 GDP growth seen at 9.3 pct; CPI at 6 pct - central bank - FXStreet.com
BEIJING (XFN-ASIA) - China's gross domestic product is expected to grow by 9.3 pct in 2008, with consumer price index rising about 6 pct, the research bureau of the People's Bank of China said. In a report published in the official Shanghai ...

Vale: Keep an Eye on 2009 Iron Ore Prices - Seekingalpha.com
In the last few months, the outlook for commodity stocks has been quite unclear since most commodities have been falling due to the economic environment. Vale do Rio Doce ( RIO ) is no exception since most metals' prices are facing a very difficult ...

'White House' Saved from Foreclosure - WXIA 11 Alive
DEKALB COUNTY, Ga. -- The current residents of the White House will not be moving out, after all. The residents of the "Atlanta White House," that is -- Fred Milani and his wife. Milani built and owns the Atlanta White House. It's a replica of the ...

Walter Industries (WLT) Announces Closure of Jim Walter Homes - StreetInsider.com
Walter Industries (NYSE: WLT ) announced the closure of its Jim Walter Homes subsidiary. Jim Walter Homes built more than 350,000 homes during its history, but has not been profitable in several years. Walter Industries said it expects to record a ...

Homebuilder closes all offices - Charleston Regional Business Journal
Walter Industries Inc. has announced the closure of its Jim Walter Homes subsidiary. Jim Walter Homes built more than 350,000 homes during its history but has not been profitable in several years, the company said in its announcement Tuesday. All ...

UPDATE: Bank Of England Cuts Key Interest Rate To All-Time Low - FXStreet.com
LONDON (Dow Jones) -- The Bank of England on Thursday dropped its benchmark interest rate to the lowest level since the central bank's founding in 1694, as policy makers fired yet another salvo in the battle against a deep and potentially lengthy ...

Jim Walter Homes ceases operations - Birmingham News
The parent company of Jim Walter Homes said Tuesday it was shutting down the manufactured home builder. Tampa-based Walter Industries Inc. said the closure of its subsidiary Jim Walter Homes takes effect immediately, although the company will ...

Tampa's Jim Walter Homes calls it quits - St. Petersburg Times
Story Tools After building more than 360,000 homes since World War II, Jim Walter Homes has gone kaput. Jim Walter, known for building inexpensive homes on customer-owned lots, closed Tuesday. Though it built relatively few homes in Florida in recent ...

Jim Walter Homes closes offices, prepares to shut down - Birmingham Business Journal
The housing bust that has shaken the national economy by its roots has claimed another Tampa Bay area victim. Jim Walter Homes , the builder that spurred the creation of Tampa’s Walter Industries Inc., closed its sales offices Tuesday in 12 states ...

Walter Industries, Inc. Announces Closure of Jim Walter Homes - PR Newswire
TAMPA, Fla., Jan. 6 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: WLT) announced today the closure of its Jim Walter Homes subsidiary. Jim Walter Homes built more than 350,000 homes during its history, but has not been profitable in ...

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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