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News about Mortgages:
Mortgage crisis found Fannie, Freddie blind to bubble - Jackson SunWASHINGTON - Mortgage giants Fannie Mae and Freddie Mac - despite their robust cadre of economists and mortgage experts - failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies - particularly Freddie ...
Jackson Auto closing Nimitz dealership - Honolulu Star-BulletinJackson Auto Group has closed its N. Nimitz Highway dealership amid a continuing soft economy and slumping auto sales. Its Lincoln-Mercury franchise is being assumed by Honolulu Ford in a buyout, pending approval from Detroit-based Ford Motor Co ...
Faith-based credit unions lend more than a helping hand to customers - Hattiesburg AmericanAs foreclosure rates rise to new heights, Mary Rhodes is counting her blessings. The Rankin County School District bus driver recently moved with her 17-year-old son into a new home in Morton. "The Lord led me to this," she said about the three ...
Comments about: Elated at news of Palin's candidacy - MaineToday.comWelcome to onlinesentinel.com's reader comments forum, which is offered as a "public square" for our audience. We view this space as our readers' section of the Web site, separate from our journalistic offerings. We hope you will use the forum to ...
Business briefs - Jackson Clarion-LedgerThe 460,000-square-foot property was sold for $47.5 million. Parkway received net cash proceeds from the sale of approximately $45.8 million, a majority of which was used to pay off a mortgage on the property and pay down some company debt.
H&R Block Done Selling Units, New Chief Smyth Says (Update2) - BloombergSept. 5 (Bloomberg) -- H&R Block Inc. , the largest U.S. tax preparer, is done with its strategic overhaul after exiting subprime lending and will keep its bank and consulting units, Chief Executive Officer Russ Smyth said. The company will focus on ...
FOR FREDDIE AND FANNIE? Government outlines a plan for seizing the ... - Herald TribuneWASHINGTON -- Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place ...
This election hits voters in the pocketbook - Fayetteville ObserverRALEIGH — Unemployment is up, gas prices are up, and voters may be fed up when they cast their ballots in critical elections this November. No matter what happens, the nation will have a new president, and North Carolina will have a new governor ...
Risk and Systemic Risk - American Enterprise InstituteSpeaking on August 22 at the Federal Reserve Bank of Kansas City's Annual Economic Symposium in Jackson Hole, Wyoming, Federal Reserve chairman Ben Bernanke entitled his important address "Reducing Systemic Risk." Bernanke outlined three key elements ...
Ga. town claims victory over strip club that snuck in; bonfire where ... - Minneapolis Star TribuneMcCain & Palin hit the campaign trail Rev. Jesse Jackson released from Chicago hospital U.S. highway fund almost empty Poll: Only 4 in 10 say Palin has enough experience Georgia GOP congressman calls Obamas `uppity' LAVONIA, Ga. - The windowless ...

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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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