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Stocks continue gains in light trading on Wall Street - Los Angeles TimesReporting from New York -- Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, despite signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more economic ...
Sports museum opens in LA - Riverside Press EnterpriseLOS ANGELES - When Gary Cypres' sports memorabilia collection reached 10,000 pieces and threatened to overflow their house, his wife told him to get it out. The man who made his money in the finance, mortgage and travel agency businesses did just ...
Stocks build on recent rally ahead of holiday - Los Angeles TimesNEW YORK -- A stock market gaining confidence in the nation's financial system bolted higher today, propelling the Dow Jones industrials and Standard & Poor's 500 index toward their first four-day advance since last spring. The market reversed losses ...
Torrey Pines Bank Names Noriko Oakland Senior Vice President - PR InsideWestern Alliance Bancorporation (NYSE:WAL) announced today that Noriko Oakland has been named Senior Vice President of the Los Angeles/Orange County Division of its Torrey Pines Bank subsidiary. Oakland was formerly with California Bank & Trust where ...
Adam W. Djou Joins Torrey Pines Bank Los Angeles Division - MSN MoneyCentralWestern Alliance Bancorporation WAL announced today that Adam W. Djou has joined its Southern California subsidiary, Torrey Pines Bank, as Senior Vice President of its new Los Angeles/Orange County Division. Djou has over 20 years of banking ...
Economic woes temper retailers’ Black Friday expectations - Las Vegas SunCautious shoppers crunched by credit and spooked by the economic crisis are expected to spend more carefully this holiday season, retail organizations reported. Stores are still enticing consumers with big sales early Friday for the official start of ...
And it's over... - Spokane Spokesman-ReviewHouse Bill 2416 -- reinstating the 1 percent property tax cap -- passed handily. Senate Bill 6178 -- letting households below $57,000 postpone half their taxes, so long as they pay them back with interest when they sell the home -- also passed ...
Jurors hear confession tape in Randolph murder trial - Newark Star-LedgerAfter police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...
On politicians’ pay, parents’ responsibility - Atlanta Journal ConstitutionAtlanta’s next mayor should be paid $225,000, up from $147,500, advises one of those commissions that politicians appoint to provide pay-raise cover. Ostensibly the higher pay is to attract better candidates. That assumes, of course, that losers ...
November 2008 - Posts - MSNBC FirstreadSenate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...
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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