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News about Mortgages:
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
John Steele refused help, and now he's gone - Baltimore SunJ ohn A. Steele Sr. was cremated without ceremony. Only his estranged wife and children attended the brief service at the Charles L. Stevens Funeral Home in Locust Point . No words were spoken. No death notice appeared in the paper. No obituary was ...
Bank fees separate big banks from the local guys - Long Island Business NewsEarlier this month, the Wall Street Journal reported that large banks are raising fees in an attempt to generate revenue amid the economic crisis. For instance, Citibank recently began charging customers a $10 overdraft protection transfer fee to ...
Southern Premiere - PopsugarThe US Is Officially in a Recession — Are You Surprised? Ask Savvy: Should I Split the Mortgage With My Boyfriend Who Earns More? Will Cyber Monday Make Up For Black Friday? Six Steps For Balancing Work and Cyber Monday Sales I'm Asking: What Black ...
Leave a Comment - PopsugarAsk Savvy: Should I Split the Mortgage With My Boyfriend Who Earns More? Will Cyber Monday Make Up For Black Friday? Six Steps For Balancing Work and Cyber Monday Sales I'm Asking: What Black Friday Deals Did You Score? Did You Spend More Than You ...
Bush Legacy in a Word: Unprepared - AOLTwo stories up at ABC News corroborate a growing body of evidence that suggest George W. Bush's single greatest flaw was that he was unprepared for the job of commander-in-chief. First comes the admission from the president himself, concerning the ...
Snow brings parking, shoveling reminders in Milwaukee - Milwaukee Journal SentinelDec. 1, 2008 3:04 p.m. | City officials in Milwaukee embraced the morning snowfall as a teaching moment, reminding residents that winter parking regulations are now in effect and that they also ought to mind their sidewalks. The limited snowfall in ...
Treasury Redefines Its Rescue Program Plan to Buy Distressed Assets Is ... - Washington PostTreasury Secretary Henry M. Paulson Jr. announced a series of moves yesterday that redefine the federal government's $700 billion rescue plan for the financial industry in order to tackle what he called a dire situation in the consumer credit markets ...
Locust: Credit ratings – Moody’s post-mortem - Ethical Corporation OnlineMoody’s Investors Service released an eye-opener of a report at the beginning of the year on the mess in the financial markets. With much of the blame for the credit turmoil having been laid at the door of Moody’s and its fellow rating agencies ...
Locust: Accounting – How fair is fair value? - Ethical Corporation OnlineDouble-entry accounting has been credited by some with enabling the very rise of capitalism. Yet one particular form of accounting that is currently on the rise has been blamed by many for pushing the US financial system to the brink of collapse ...
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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