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Alistair Darling: We will come through this - This is MoneyAlistair Darling's confidence in the long-term strength of the economy is unshaken as he prepares for perhaps the most important statement of his career. Speaking exclusively to Financial Mail before tomorrow's Pre-Budget Report, the Chancellor says ...
Bush's willing accomplice - Toronto StarI solated, repudiated by his people and even shunned by his own party, George W. Bush – the lamest of lame ducks – still seems able to count on the support of at least one world leader: Stephen Harper. And so it was on the weekend, as it has so ...
TheStar.com | Business | Teck Cominco cuts dividend, spending plan - Toronto StarVANCOUVER–Teck Cominco Ltd. is suspending dividends, slashing capital spending and selling assets to save more than a billion dollars as it struggles under a massive debt load. The major zinc, copper and coal miner said the measures are "the first ...
Toyota Motor Corp. - Hartford CourantTOKYO (AP) _ Japan's central bank kept its already low interest rates on hold Friday amid further signs of rapidly deteriorating conditions at home and in the global economy. The Bank of Japan had cut its benchmark rate to 0.3 percent from 0.5 ...
Pinnacle Financial Applies for Funds under U.S. Treasury Capital ... - EarthtimesNASHVILLE, Tenn. - (Business Wire) Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) today reported that it has applied for the sale of up to $95 million of preferred stock and related warrants to the U.S. Treasury under the Capital Purchase ...
Report: Citi on the prowl for regional bank - MSNBCNEW YORK - Still licking its wounds following a failed bid to buy Wachovia Corp., Citigroup Inc. is on the prowl again and is in talks to acquire a regional bank, according to media reports Monday. The Wall Street Journal reported that Citigroup is ...
Mortgage refinancing rush is on - Milwaukee Journal SentinelExperts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...
Short sales an option for lenders - Winchester StarWinchester — Lenders are warming up to an alternative way of dealing with home owners in default on their mortgages. Thomas Chasler studies a plat in his office Monday. The Winchester lawyer said that he has been handling more real estate short ...
NH housing starts hit record lows - Boston GlobeSALEM, N.H.— A sluggish housing market stalled by the credit crisis is to blame for a decline in new home construction in New Hampshire. The flagging economy has put plans for 288 upscale condominiums on hold in Atkinson and in Salem, new home ...
Holidaymakers big losers as pound slides - Guardian UnlimitedCalifornia: British tourists heading for the US will find their pounds do not go very far anymore. Photograph: Krista Kennell/ZUMA/Corbis The $2 pound has been consigned to history. Less than four months after hitting a 26-year high against the ...
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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