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Broadway Federal Bank Sponsors Grant Recipient Legal Support Institute - Earthtimes
LOS ANGELES - (Business Wire) Legal Support Institute of Resources Advancing Family Transitions (RAFT) has received a $25,000 Access to Housing and Economic Assistance for Development (AHEAD) grant from the Federal Home Loan Bank of San Francisco ...

Council again rejects LCCAA mortgage - Morning Journal
LORAIN — A new proposal. The same result. City Council again narrowly rejected, by a 6-4 vote, a proposal last night that would have allowed the city to buy two mortgages for the Lorain County Community Action Agency's downtown offices at 502 and ...

Saline not feeling full brunt now - Benton Courier
Economic news is grim nationwide, but Saline County seems to be following the statewide trend by being somewhat insulated from the economic woes. “It depends on the sector you’re in,” state Sen. Shane Broadway, D-Bryant, said. “The retail and ...

Developers eye vacant Newport school for arts center - Newport Daily News
A Newport developer is interested in acquiring the abandoned Sheffield School on Broadway and turning it into an arts center. (Jacqueline Marque/Daily News staff) The Newport couple that is converting Lenthal School on Spring Street into upscale ...

WRIT buys 2445 M St. for $181M - Washington Business Journal
WRIT signs tenants to Dulles property Alexandria Real Estate postpones two bio buildings Credit freeze puts major S.F. projects on ice Construction work suspended at new downtown office tower Washington Real Estate Investment Trust reports mixed ...

Business openings for Galveston County - Galveston County Daily News
WHO: 3-Share Plan WHAT: Health benefits program WHERE: UTMB clinics in Texas City, League City and Friendswood; and UTMB Island clinic on Stewart Road in Galveston CALL: 866-607-0108 WHO: A B Sign Shop WHAT: Signs, banners, wide format printing, etc ...

Calvin & Co. marks one year of business and community involvement - Sweetwater Reporter
C.D. Boyd, a local real estate agent, opened Calvin & Co. realtors a year ago. Boyd has served as a realtor for the Sweetwater area for four years prior to opening Calvin & Co., and is also on the board of realtors. Boyd also practices in Austin ...

John S.W. MacDonald - New York Observer
As this blog encompasses culture, I suppose we’re contractually obligated to mention this year’s Grammy nominations. So here goes… The lucky nominees were announced last night at LA's Nokia Theatre during a live televised event that CBS humbly ...

BUSINESS BRIEFS - New York Post
Time Warner filed a proxy statement for the planned reverse stock split, following its separa tion from Time Warner Cable. Time Warner is asking investors to ap prove a 1-for-2 or 1-for-3 reverse split of the stock at a meeting on Jan. 16, according ...

Religion Calendar - Nashville Tennessean
DEC. 5 Awakening the Season, a benefit concert for Youth Encouragement Services Christmas Store, Harpeth Hills Church of Christ, 1949 Old Hickory Blvd. New Hope M.B. Church, 1303 Hawkins St., Nashville, will hold a financial planning and debt-free ...

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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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