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News about Mortgages:
Financial News
US commits $800 billion more to bail out consumer credit and mortgage ... - World Socialist Web Site
US Treasury Secretary Henry Paulson announced Tuesday another extension of the Bush administration’s bailout of the financial system, committing $800 billion towards lending programs aimed at preventing the collapse of the home mortgage and ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

November 2008 - Posts - MSNBC Firstread
The Obama team has put out a statement condemning today's coordinated terror attacks in Mumbai, India. Here's the text: "President-Elect Obama strongly condemns today's terrorist attacks in Mumbai, and his thoughts and prayers are with the victims ...

LATEST POLITICS VIDEOS - CNBC
Discussing President-elect Barack Obama's progress following the election, with Greg Valliere, Stanford Financial Group; Andrew Parmentier, FBR Capital Markets; and CNBC's John Harwood. Corporate America is pouring money into the U.S. presidential ...

Barack Obama Video Gallery - CNBC
Polls show Barack Obama with a sizeable lead over John McCain, with CNBC's John Harwood, Melissa Lee & Larry Kudlow. Polls Show Obama Remains in... Ahead of the US presidential election, polls indicate Democratic candidate Barrack Obama is in the ...

Credit repair is a DIY project - Baltimore Sun
M ike Ferrara wants to buy a house in a few months and is worried that mistakes on his credit report will keep him from obtaining the loan he will need. His concern is legitimate. You'd think with a credit score of 650, he'd be fine. But not now ...

The market's down, but not my house - Boston Globe
The real estate market may be tanking and values plunging. But hey, don’t look at me. My home is actually gaining value! That seems to be the attitude of a surprisingly large number of homeowners amid the current downturn, a recent AP story found ...

FOX NEWS SUNDAY - Huffingtonpost.com
Oh sweetness. There are only 23 days until this is over? Such good news. The bad news? Gotta listen to David Axelrod and Rick Davis yammer at each other. That's where we're going to start. Maybe they'll just agree to start punching each other. Oh ...

Erie County Real Estate Transactions - Buffalo News
A. Carbone; Dominic J. Carbone; Dominic Carbone to Alcona Inc., $985,450. • 277 Landings Drive, Nancy H. Golightly; Charles G. Golightly to GMAC Global Relocation Llc, $375,000. • 277 Landings Drive, GMAC Global Relocation Llc to Sara K. Kieffer ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. So this is the way it ends. Not with a bang but a whimper–Lehman Brothers looks headed into liquidation. Apparently, you can put dozens of Wall Street’s ...

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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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