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News about Mortgages:
UPDATE 1-Canada PM doesn't see U.S.-scale mortgage crisis - ReutersOTTAWA, Sept 7 (Reuters) - Canada will avert a mortgage crisis of the kind that is afflicting the United States, partly because it has not underwritten mortgage finance giants like Fannie Mae, Prime Minister Stephen Harper said on Sunday. "In Canada ...
US Government seizes control of mortgage giants - Times UnionWASHINGTON -- The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy. Treasury Secretary Henry ...
European Union struggles to get Moscow to keep its promises - International Herald TribuneAVIGNON, France : European foreign ministers met informally over the weekend in the palace here where popes once ruled, but the talk was mostly about the Third Rome, as the Russians like to call Moscow. A senior European Union delegation, led by ...
How to determine your bank's financial health - Los Angeles TimesMore people have been asking that question since the collapse of Pasadena mortgage giant IndyMac Bank in July. After the government took over the bank, many customers had to wait in line for hours before they could speak to anyone about their ...
Gov't may soon back troubled mortgage finance giants Fannie Mae ... - Minneapolis Star TribuneMortgages: No relief in sight Boeing machinists union set to strike Dinner and a movie, all in the same seat Company news Mortgage woes worsen WASHINGTON - Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this ...
Credit Union Australia cuts variable rates - News.com.auCREDIT Union Australia will cut its standard variable mortgage rate by 0.25 per cent from Monday, following the big banks' decision to pass on the rate cuts. Australia's largest credit union says it will lower its standard variable rate for home ...
Government may soon take over troubled mortgage finance giants Fannie ... - Minneapolis Star TribuneTV upgrades may fall short, experts warn Union to strike as Boeing-machinists talks fail Silver State Bank in Nevada is shut Dinner and a movie, all in the same seat Mortgages: No relief in sight WASHINGTON - The government is expected to take over ...
Reuters Business Summary - Washington PostGovernment plan for Fannie, Freddie to hit shareholders WASHINGTON (Reuters) - The U.S. government plans to take over Fannie Mae (FNM.N) and Freddie Mac (FRE.N) and all shareholders of the two mortgage giants will take a hit, an influential lawmaker ...
Georgian president vows to reclaim 2 provinces - International Herald TribuneTBILISI, Georgia : On the eve of a European Union shuttle mission to convince Russia to pull its troops back to prewar positions, Georgia's president vowed Sunday to regain control of two breakaway provinces with the help of "the rest of the world ...
Marks & Spencer conducts surveillance on staff - Times OnlineMarks & Spencer conducts intensive surveillance of its staff, who live in a culture of fear, according to the whistleblower who was dismissed for contacting The Times. Tony Goode, a former customer loyalty manager with the retailing chain, broke ...

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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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