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News about Mortgages:
Grass-Roots Efforts Aim to Ease the Foreclosure Crisis - TimeIf U.S. Treasury Secretary Henry Paulson thinks he got hammered on Capitol Hill Tuesday morning for not doing enough to stem the tide of foreclosures, he's lucky he wasn't at the public library in Miami Gardens, Fla., Tuesday night. More than 200 ...
Paulson, Bernanke defend $700 billion bailout - Butler EagleWASHINGTON — Treasury Secretary Henry Paulson expressed fresh reservations today about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben Bernanke ...
Stewart Title moves to Loveman's site - Chattanooga Times Free PressStewart Title of Chattanooga, formerly Legal Title, has moved its downtown branch to the first floor of the Loveman's on Market building at 803 Cherry St. The branch at the corner of Cherry and Eighth streets will feature the eClosing Room technology ...
People in Business - Nashville TennesseanCandace Hooker joins Lattimore Black Morgan & Cain PC in a staff position in the audit division. Hooker was with Cellular Sales. Sydney Evans Stars has joined the firm's tax division. HORNE LLP has announced the opening of a second location locally ...
SEEN AT THE SCENE : - Long Beach Press-Telegram"It was our most successful fundraiser in recent years," said the enthusiastic executive director of the WomenShelter of Long Beach (WSLB), TuLynn Smylie. The Fourth Annual Wine Tasting Fundraiser, held Oct. 4, raised $33,000. Host Duane Rose, owner ...
Despite level prices, slowing home sales could spell trouble for local ... - Pittsburgh Post-GazetteA profound plunge in the number of single-family homes bought and sold in the Pittsburgh metropolitan area was most likely brought on by a severe combination of tighter lending standards that have made it more difficult to obtain mortgages and buyers ...
Wade has 19 pts; Heat beat Wizards 94-87 - Buffalo NewsDwyane Wade had 19 points, 10 assists and six rebounds Tuesday night, and the Miami Heat caught a couple of breaks in the final minutes to beat the struggling Washington Wizards 94-87. Wade, who played despite rolling his ankle in a loss at Toronto ...
Corridors of Opportunity: Route 228 Cranberry - Pittsburgh Business TimesThe economic downturn has already put the brakes on booming Cranberry Township in Butler County, but it remains to be seen how the market will hold up in the face of tight credit and a possible recession. Last year, officials in this township of more ...
Drama department dials up the 1970s for fall production - Hot Springs StarHOT SPRINGS - “Disco Fever,” a mystery/comedy by Craig Sodara, will be presented by the Hot Springs High School Drama Department on Nov 20 and 21. Performances will begin at 7 p.m., in the Mueller Civic Center Theatre. This play is produced by ...
In a crisis - Sampson IndependentFrom the unemployment line to the Sampson County Crisis line, residents of the county descended at 309 E. Main St. Wednesday morning waiting for needed assistance. Confirmed by the local Employment Security Commission, more and more Sampsonians are ...
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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