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News about Mortgages:
Egbert Perry will help fix mortgage giant Fannie Mae - Atlanta Business ChroniclePerry: Foreclosures will be a major issue he’ll deal with as a member of Fannie Mae’s board. Atlanta-based urban developer Egbert Perry has joined the board of troubled mortgage giant Fannie Mae , whose near collapse four months ago threatened to ...
Millions needed for idled coal mine - Observer-ReporterJoseph Bergmann, chief executive officer of Consolidated Resources Group Inc., said he needs to pay off the mortgage to satisfy the mine's creditors before he can obtain a state permit to begin work at the idled facility. "There are payments due ...
Center of Attention: Election, South shore development key issues in ... - Bemidji PioneerLocally, the continuous story of 2008, carried over from 2006 and 2007, was the proposed Bemidji regional events center. Whether to go ahead with the project was a major issue in the Bemidji city election. Candidates for and against made their ...
A look back at 2008 - Danbury News-TimesIn a year that brought about profound change in the nation's future leadership, a year marked by United States involvement in two draining wars, a year that witnessed the deaths of Nobel Prize-winning authors and Oscar-winning actors, it would be ...
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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