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How to Make Every Day a 401(k) Day - Forbes
Each year, American workers are honored for their achievements with a day off on Labor Day. But it's no coincidence that directly following Labor Day, there's a day that celebrates the journey of what Americans hope to achieve before they leave the ...

Local market now most 'undervalued' in state, study finds - San Diego Union-Tribune
San Diego, which three years ago had one of the most overvalued housing markets in the country, is now the most undervalued in California, the economic and financial analysis company Global Insight reported yesterday. The market has improved because ...

Slump in wealthier areas - Central Western Daily
WEAKENING residential sale prices have emerged in Sydney's inner and middle ring suburbs during the subdued winter. The price falls - smaller and fewer than in the outer mortgage belt suburbs - represent a new trend in the more affluent housing ...

Romantic Eyre is dead and gone - Independent
ON a recent visit to Galway City, I was most disappointed to see the absolute dismantling of Eyre Square -- once the epicentre of bohemian and buoyant Galway. What I beheld was a trite and tacky example of the mindset of modern Ireland, and this was ...

Budget bill loses ground as senators back Coalition - Central Western Daily
THE Government's first big budget bill is on shaky ground in the Senate with the Family First senator, Steve Fielding, refusing to support a $555 million increase in the luxury car tax. Senator Fielding voted with the Coalition to kill the bill last ...

Unemployment Hits Five Year High - KNx 1070
WASHINGTON (AP)-- The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years — and it's likely to go even higher in the months ahead, possibly throwing the economy into a ...

JPMorgan, Facing Federal Probe, Exits Muni Interest-Rate Swaps - Bloomberg
Sept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market, which has been roiled by an antitrust probe and the near bankruptcy of Alabama's most- populous ...

JPMorgan, Facing Federal Probe, Exits Municipal Swaps (Update2) - Bloomberg
Sept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market roiled by an antitrust probe and the near-bankruptcy of Alabama's most-populous county. At least ...

One startup bank will not open; another ready for business - Orlando Sentinel
A Maitland -based investors group has jettisoned its plan to open MidFlorida Bank after failing to raise millions of dollars in startup capital, organizers said Thursday. Meanwhile, a Lake County-based banking group said it has cleared regulatory ...

Florida couple turns food talk into board game - Pantagraph
MIAMI -- Eric and Monica Ash moved to northwest Broward, Fla., from Alexandria, Va., in May with a newborn, a toddler and no regular paychecks to cover the mortgage or employers to subsidize the health insurance. Eric says they're living a dream. It ...

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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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