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News about Mortgages:
Mortgage aid begins for 8,000 in Ohio - Toledo BladeCOLUMBUS - A mortgage-modification program that could help 8,000 Ohioans stay in their homes is under way, say officials of Countrywide Financial Corp. and the Ohio attorney general's office. An additional 4,000 Countrywide customers in Ohio who have ...
Cleveland, Columbus lagging Cincinnati - Cincinnati.comOhio has had the dubious distinction of appearing among the ranks of those states with foreclosure rates higher than the national average. In the latest release of the Mortgage Bankers Association's National Delinquency Survey, Ohio, Florida, Nevada ...
Business Minute: Stocks firm...Crashing unemployment lines...Gasoline ... - Idaho8.comNEW YORK (AP) - Stock prices have been higher today, led by strength in tech stocks. The move comes despite some fresh readings indicating weakness in the economy. WASHINGTON (AP) - President-elect Barack Obama says he will bar pork-barrel projects ...
Many sectors suffered in 2008 - The Columbus DispatchIt's no secret that publicly traded companies as a whole took a drubbing in 2008. A look at some of the industry sectors of interest in central Ohio, the problems faced in the past year and thoughts on what 2009 might bring: The meteoric rise and ...
Barina Craft Announces Launch of Artisan Home Bar Furniture Dublin, OH ... - dBusinessNews.comUniKeep™ and EnvyPak™ Eco-Friendly Promotional Product Lines to be Featured at the PPAI Expo Las Vegas Introduction of New Digital Printing Services for UniKeep BindersMarysville, OH ... UniKeep to Showcase Eco-Friendly UniKeep™ and EnvyPak ...
Obama: Country needs economic stimulus plan - Columbus TelegramCHICAGO - President-elect Barack Obama urged congressional leaders Saturday to move quickly on an economic recovery plan, even as some Republicans are saying they want more time to review the details. Obama said Congress should pass an American ...
Park National Bank receives top ranking - Newark AdvocateNEWARK — Park National Bank received a No. 1 ranking for community banks in central Ohio, according to Columbus Business First’s annual Book of Lists. The bank also ranked No. 1 in the same category last year. Park’s other rankings and ...
Huntington Survey Finds Consumers are Making Financial Resolutions for ... - MSN MoneyCentralCOLUMBUS, Ohio , Jan. 5 /PRNewswire/ -- A new survey conducted by Huntington Bank shows that an overwhelming 73 percent of consumers feel they've been personally affected by the economic downturn and they're willing to make some financial New Year's ...
Glimcher Announces the Sale of The Great Mall of the Great Plains ... - MSN MoneyCentralCOLUMBUS, Ohio , Jan. 6 /PRNewswire-FirstCall/ -- Glimcher Realty Trust, GRT , on January 5, 2009 , GRT, one of the country's premier retail REITs, completed the sale of The Great Mall of the Great Plains ("Great Mall"), a regional mall located in ...
A roll call of some who died in 2008 - Columbus TelegramFrom the summit of Everest, the top of the world, to the intricate workings of the human heart. From outer galaxies to the dungeons of Stalin’s gulag. Sir Edmund Hillary was the first man to stand atop the world’s highest mountain. Dr. Michael ...
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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