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News about Mortgages:
Lower Rates Help Sell Houses, but Market Faces Broader Ills - Wall Street JournalA possible move by the Treasury Department to push down mortgage rates has raised the hopes of home buyers, real-estate agents and economists -- and the share prices of residential builders and related businesses. But the proposal, if implemented as ...
Brown will press banks to pass on full rate cut - Times OnlineGordon Brown issued a stark warning to banks today, demanding that lenders must pass on yesterday's full 1 per cent interest rate cut to their customers. The Bank of England yesterday cut the interest rate to 2 per cent — the lowest level since ...
Britain's Brown urges banks to pass on rate cut - ForbesLONDON, Dec 5 (Reuters) - British Prime Minister Gordon Brown urged banks to pass on the Bank of England's (BoE) latest interest rate cut to help homeowners hit by the worst economic turmoil in decades. Brown said on Friday he would talk to Britain's ...
Jefferson officials waiting for effects of budget cuts - Louisville Courier-JournalMost elected Jefferson County officials are waiting to hear how the metro government and state budget cuts will affect their offices. But some are already taking steps to trim costs. For instance, Jefferson County Clerk Bobbie Holsclaw plans to leave ...
Bush says sorry, a little too late - Bloggingstocks.comGeorge W. Bush is beginning to realize he made some mighty big mistakes. He admitted today that he's sorry the stock market and economy have collapsed because it happened under his watch. And he thinks that there was an intelligence failure when it ...
Is your maths breaking the budget? - This is MoneyAlmost £1.5bn was lost in the UK last year, due to Britons struggling to master the basic skills when it comes to managing money. Brushing up: Holmes and Ball are aiming to help Brits save more cash by getting up to speed with their maths Please ...
Tom, Katie, and Anne Let Tina Do the Entertaining - PopsugarDec 2 2008 - 8:51am Tom Cruise and Katie Holmes joined Anne Hathaway backstage at the Tina Turner concert in NYC last night. read more Rachel Getting Married Leads 2009 Independent Spirit Noms Heroes Rundown Chapter Eleven: "The Eclipse, Part Two ...
UPDATE 6-UK govt, banks pledge help for SMEs, homeowners - FXStreet.comLONDON, Dec 3 (Reuters) - Britain's government and major banks pledged to improve lending to small businesses and ease strains on home owners on Wednesday as pressure intensified on lenders to free up credit in the face of recession. Prime Minister ...
UK gov't, banks pledge help for SMEs, homeowners - ForbesLONDON (Reuters) - Britain's government and major banks pledged to improve lending to small businesses and ease strains on home owners on Wednesday as pressure intensified on lenders to free up credit in the face of recession. Prime Minister Gordon ...
Fewer IPOs going back for seconds - ReutersNEW YORK (Reuters) - Investors are showing scant appetite for follow-on share offerings by new public companies, signaling that even those that have pulled off an IPO in the current climate will find it hard to come back for seconds. The market for ...
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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