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News about Mortgages:
US stocks retreat - The AgeUS stocks declined for the first time in three days, pushed down by concern General Motors Corp. may file for bankruptcy and a plunge in energy shares following Merrill Lynch & Co.'s prediction that oil will hit $US25 a barrel. GM fell 8.8% after a ...
U.S. Stocks Drop, Led by GM; Exxon Falls on $25 Oil Forecast - BloombergDec. 4 (Bloomberg) -- U.S. stocks declined for the first time in three days, pushed down by concern General Motors Corp. may file for bankruptcy and a plunge in energy shares following Merrill Lynch & Co.’s prediction that oil will hit $25 a barrel ...
RBS faces backlash over refusal to give One customers full rate cuts - Guardian UnlimitedOne of Royal Bank of Scotland 's mortgage divisions has come under fire after refusing to pass on last month's interest rate cut in full, despite having "promised" to follow Bank of England base rate moves. The decision has prompted an outcry among ...
The dearer the wedding, the poorer the marriage - Daily TelegraphIt's no wonder the institution of marriage is in meltdown. The cost of the average wedding has doubled in a decade and now stands at just over £21,000. But these grandiose nuptials don't just bankrupt the unhappy couple; they empty out the wallets ...
Christmas Happiness Fund important in tough times - Salisbury PostIt's not just the goodwill that makes Christmas so special. It's the memories of times spent with family, those wonderful memories that grow more dear to us every year. Do you remember how excited we were as children? Or perhaps it's the faces of ...
Energy job market loses some of its zing - Houston ChronicleMORE WORK: Mark Zimmerman, at Halliburton’s real-time drilling lab. Oil prices are off, but Halliburton plans to keep hiring. For the last two months, energy jobs have been the hot topic at mixers put on by the Houston chapter of Young ...
Centennial, MBIA, Rowan, Sotheby's, USG: U.S. Equity Preview - BloombergNov. 9 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:30 p.m. in New York on Nov. 7, unless otherwise specified. Standard & Poor's 500 ...
Short seller stands up for short sellers - Houston ChronicleA six-foot stuffed grizzly bear who sometimes wears a “Dow 10,000” hat guards the entrance to the offices of Fleckenstein Capital Inc., located on a leafy street in Seattle. The bear sends a clear message: The man inside, Bill Fleckenstein ...
Short Sellers Aren't Jackals, They're Bears, Fleckenstein Says - BloombergOct. 29 (Bloomberg) -- A six-foot stuffed grizzly bear guards the entrance to the offices of Fleckenstein Capital Inc., located on a quiet, leafy street in the Capitol Hill neighborhood of Seattle. The bear sends a clear message: The man inside, Bill ...
Archbishops of Canterbury and York blame capitalism excesses for ... - Daily TelegraphThe Archbishop of York, Dr John Sentamu, condemned the financial traders who made millions by driving down the share price of leading banks as "bank robbers and asset strippers". In a powerful speech to City bankers on the effects of the credit ...

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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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