Pittsburgh Mortgage Rates and Information Online from competing Lenders

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Financial News
Fitch Affirms Heritage Valley Health System (Pennsylvania) Bonds at 'A ... - Earthtimes
NEW YORK - (Business Wire) Fitch Ratings affirms the underlying 'A+' rating on approximately $84.4 million Hospital Authority of the County of Beaver, PA health care system revenue bonds, series 1998 (Heritage Valley Health System, Inc.). The bonds ...

Despite level prices, slowing home sales could spell trouble for local ... - Pittsburgh Post-Gazette
A profound plunge in the number of single-family homes bought and sold in the Pittsburgh metropolitan area was most likely brought on by a severe combination of tighter lending standards that have made it more difficult to obtain mortgages and buyers ...

FBI agent killed serving warrant near Pittsburgh - Buffalo News
An FBI agent has been shot and killed while serving a warrant at a home near Pittsburgh. The agent was shot early Wednesday in Indiana Township, about 10 miles northeast of Pittsburgh, said FBI Special Agent William Crowley, a spokesman for the ...

Man Hits Pittsburgh Streets With Hire Me' Sign On Chest - WPXI
PITTSBURGH -- With the state of the economy and current job market, one clean cut man took to the streets of downtown Pittsburgh last week in hopes of finding an employer. Alex Piehl, of Toledo, Ohio, is proactively seeking employment by pounding the ...

Midweek briefing ... - Pittsburgh Tribune Review
Hoover Institution scholar Tod Lindberg says all this talk that America remains a "center-right" nation even after the election is mythology. It's actually "center-left," he writes. And cautions Mr. Lindberg: "Don't count on many Obama administration ...

Corridors of Opportunity: Route 228 Cranberry - Pittsburgh Business Times
Value will be the sales pitch as shopping season begins Economic woes make financing for commercial spec building in Pittsburgh region difficult Bridge repair boom touches myriad of industries Amid economic uncertainty, medical group puts eastside ...

BNY Mellon to slash 1,800 jobs - Pittsburgh Tribune Review
Bank of New York Mellon Corp. plans to cut about 4 percent of its work force, or 1,800 people, as record declines in global securities markets hurt profits. The New York-based company, with more than 6,900 employees in the Pittsburgh region and 43 ...

Local banks report steep earnings drop - HometownAnnapolis.com
Severn Savings Bank, BankAnnapolis, The Bank of Glen Burnie and CommerceFirst remain solvent. Bank officials blame the disappointing results on a combination of factors, including money set aside for loan losses, a slowdown in mortgage activity ...

Stopping Foreclosures With the Right to Rent: One More TIme - Common Dreams
Politicians often prefer complex solutions to simple problems. Nowhere is this more apparent than with the long list of complicated and convoluted proposals to address the country's foreclosure crisis. Millions of people face the loss of their homes ...

Suthers cracks down on mortgage ads - Denver Business Journal
Three Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...

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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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