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Credit Unions Buck Trend; Remain Solid Despite Mortgage Meltdown - Market Wire
MEQUON, WI--(Marketwire - October 2, 2008) - The subprime mortgage meltdown continues to have ripple effects throughout the economy, but a too-often-ignored bright spot in the mortgage industry is just down the street: the local credit union. And in ...

Deyaar and Union deny direct merger talks - Gulf News
Dubai: Dubai developers Deyaar and Union Properties on Tuesday denied that they were in merger talks but were unable to say if the government was looking into ordering a tie-up amid tightening liquidity. On Monday, a news agency reported that Deyaar ...

Empire Resorts Announces Update on Financing of Concord Resort ... - PR Inside
- Empire Resorts: Charles A. Degliomini Senior VP, Communications & Government Relations 845-807-0001 or Investor: Lippert/Heilshorn & Associates, Inc. Elric Martinez / Jody Burfening 212-838-3777 emartinez@lhai.com Empire Resorts, Inc. (NASDAQ: NYNY ...

Claim Palin was union member hard to pin down - Las Vegas Sun
When Sen. John McCain introduced Alaska Gov. Sarah Palin as his running mate in August, he described her as a former union member, someone who “understands the problems, the hopes and the values of working people.” The billing would become ...

TREASURIES-Prices slip on Fed moves, supply prospects - Forbes
NEW YORK(Reuters) - U.S. Treasury debt prices retreated Tuesday after the Federal Reserve took on the job of commercial lender of last resort and signaled a readiness to cut interest rates. The Fed's creation of a funding facility for obligations ...

Prices slip on Fed moves, supply prospects - Guardian Unlimited
NEW YORK, Oct 7 (Reuters) - U.S. Treasury debt prices retreated on Tuesday after the Federal Reserve took on the job of commercial lender of last resort and signaled a readiness to cut interest rates. The Fed's creation of a funding facility for ...

Lawmakers: AIG execs went to resort before bailout - Times Union
WASHINGTON -- Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday ...

Please, No New ‘New Deal’ - Sacramento Union
o Barack Obama, it’s 1933 all over again. John McCain seeks to deregulate our economy and embrace market-based reforms, while Obama proposes to re-regulate it by disinterring New Deal policies. Practically all of the economic gains of the past 30 ...

U.S. Fed steps in to stem crisis - MSN UK News
NEW YORK/WASHINGTON (Reuters) - The U.S. Federal Reserve stepped forward as a commercial lender of last resort and signalled a readiness to cut interest rates as governments around the world scrambled to stem the growing credit crisis and stocks spun ...

U.K., Spain Go Solo on Bailouts as Europe Fights Credit Crunch - Bloomberg
Oct. 8 (Bloomberg) -- The U.K. and Spain raced to buttress their banking systems after European policy makers failed to form a united front to combat the deepening financial crisis. British Prime Minister Gordon Brown is preparing a package that will ...

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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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