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Hong Kong's main stock index rises 3.5 percent - FOX NewsHONG KONG — Hong Kong's key stock index rose 3.5 percent Monday, lifted by Wall Street's strong finish and hopes for more government measures to boost China's economy. The blue-chip Hang Seng Index gained 520.50 points to 15563.31. Investors were ...
Lawmakers set new mortgage bankruptcy bill - Boston GlobeWASHINGTON (Reuters) - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last ...
No. 1: The financial meltdown hits county hard - Blueridgenow.comAn increase in unemployment and home foreclosures hit Henderson and surrounding counties in 2008, following a record stock market plunge and pleas for bailouts from banks and the auto industry at the national level. In Henderson County alone, 2,566 ...
Slice of rugby history for sale - StuffA rare piece of All Black rugby memorabilia has been put up for auction, despite being from a game most fans would rather forget. Flanker Paul Henderson's 1995 official Rugby World Cup runner-up trophy in its original black presentation box has been ...
2008 was blustery for Henderson County businesses - Blueridgenow.comFrom business expansions to foreclosures, staff cuts and the gas crisis, 2008 was a busy year for Henderson County’s business community. The following is a listing of the top 10 business items that made news this year. 1. Hurricanes Ike and Gustav ...
TOP 10 STORIES OF 2008: No. 10 -- FDIC takes reigns from Franklin Bank - Athens Daily ReviewFranklin Bank, SSB, Houston, was closed in early November by the Texas Department of Savings and Mortgage Lending and the Federal Deposit Insurance Corporation (FDIC) was named receiver. Franklin had seven branches in Henderson County, including two ...
Hong Kong shares weaker as China telco, bank falls outweigh local ... - CNBCHONG KONG (XFN-ASIA) - Share prices were weaker mid-morning, reversing opening gains, as losses in China telecom and bank shares outweighed gains in local property firms. China telecom stocks were down on continued profit-taking as Beijing prepares ...
Top Stories of 2008 - Cedar Creek PilotLake area residents, like all Henderson County residents, saw deputy killer Randall Mays convicted of murder. We also saw four area residents jailed and accused of bilking the U.S. government out of millions of dollars in a bogus home loan scheme. As ...
Leaving office, Easley reflects on tenure - Henderson Daily Dispatch RALEIGH — Gov. Mike Easley entered North Carolina’s Executive Mansion facing a budget crisis. He left trying to manage another. But the former prosecutor from Brunswick County, who didn’t care much for traditional campaigning and won ...
Hong Kong shares end morning weaker as China telecom, bank stocks ... - CNBCHONG KONG (XFN-ASIA) - Share prices finished the morning weaker as China telecom firms saw further profit-taking as Beijing prepared to issue 3G licenses, and mainland banks were sold off after news that Bank of America cut its stake in China ...
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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