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Wall Street shows further signs of stability - MSNBCDec. 4: GM’s CEO Rick Wagoner answers questions as he arrives at a hearing on Capitol Hill on an autos industry bailout. NEW YORK - Wall Street showed further signs of stability Thursday as investors calmly took in a flurry of downbeat economic and ...
Oil near four-year lows on dire economic news - Edmonton SunVIENNA, Austria - More bad U.S. economic news kept oil prices anchored near four-year lows Friday, reflecting expectations of lessened demand worldwide. With cold weather settling in parts of the U.S. and the rest of the Northern hemisphere, this ...
UPDATE 1-BayernLB's Hypo raises capital, asks for govt aid - ForbesVIENNA, Dec 5 (Reuters) - Loss-making German bank BayernLB will pay in most of the 700 million euros ($895 million) needed to prop up its Austrian business Hypo Group Alpe Adria, a spokeswoman for Hypo said on Friday. Hypo's other large shareholders ...
Capital One to buy Chevy Chase Bank - The Washington TimesThe Chevy Chase Bank is one of a dozen banks located along one mile of Maple Avenue in Vienna. Bert V. Goulait / The Washington Times. From combined dispatches McLean-based Capital One Financial Corp. is expected to announce Thursday that it will buy ...
Saudi Arabia King Says Oil Price Should Rise to $75 a Barrel - FOX NewsSaudi oil minister Ali al-Naimi is surrounded by journalists during the Organization of Arab Petroleum Exporting Countries (OAPEC) meeting in Cairo. CAIRO, Egypt — Saudi Arabia's king says the price of oil should be $75 a barrel, much higher than ...
Recession looms as ISEQ plummets in worst first-half in quarter of a ... - IndependentA man looks at stock market monitors in Taipei yesterday. Irish shares tumbled last week, setting them on course for their worst first half in at least a quarter of a century as investors baulked at sky-high oil prices and a report that Ireland is ...
Tennessee among unhealthiest states - Knoxville News SentinelNASHVILLE - Tennessee is ranked among the five unhealthiest states for the fifth consecutive year in an annual report. The United Health Foundation ranked Tennessee No. 47 in its 19th annual America's Health Rankings released Wednesday. The state ...
Latest Pictures - Newstrack IndiaBagdhad, Nov 15 (Xinhua) At least 11 people were killed and 36 injured in a suicide car bombing at a marketplace in Iraq's Nineveh province Saturday..., and its capital Mosul, some 400 km north of Baghdad, is said to be one of the last Ex-Pak PM ...
OPEC oil price dips below $50 - Hindustan TimesThe price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) fell to $49.94 on Wednesday, reaching yet another record low for this year. One barrel (159 litres) of OPEC crude was priced $2.30 dollars lower than ...
Mortgage rates fall to a 5-week low - San Francisco GateRates on 30-year mortgages dropped sharply this week, falling to the lowest level in five weeks. Mortgage giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.04 percent this week, down from 6.46 percent last week. 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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