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GM, Chrysler make cuts, hold out for loans - Daily HeraldDETROIT -- When Chrysler was near death and awaiting a government bailout in 1979, then-CEO Lee Iacocca ordered drastic spending cuts and required all checks above $1,000 to be approved by a senior vice president. Chrysler LLC and General Motors Corp ...
Big Three automakers beg for $25 billion lifeline - Tri-City HeraldTreasury Secretary Henry Paulson says even though he's not continuing the plan to buy up mortgage-backed securities from banks, that doesn't mean it was a bad idea. Treasury Secretary Henry Paulson says even though he's not continuing the plan to buy ...
Vermont View: Buy regional vs. auto bailout? - Rutland HeraldOn Nov. 18, I listened to the Senate Banking Committee hearing. The General Motors, Ford and Chrysler CEOs and United Auto Workers president testified regarding their request for a $25 million bailout or loan from the U.S. taxpayers. Generally, I am ...
We need real change - Traverse City Record-EagleWill Obama go to Poland? Kennedy went to Berlin. Nixon went to China. There is a chance that Obama will go to Poland to attend the United Nations' Climate Conference in December. His journey could bring the United States' talents and commitments for ...
Stocks fall on more economic woes - Kansas City StarThe selling on Wall Street continued Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors ...
Stocks fluctuate on more economic news - Sioux City JournalNEW YORK - Wall Street fluctuated Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors ...
Stocks open lower on more economic woes - Sioux City JournalNEW YORK - The selling on Wall Street continued Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points ...
Market Mover - American ReporterBOCA RATON, Fla. -- The thoughts below were written three years and one month ago. No one cared about my ideas. On local and national radio for more than 14 years I made the same health care warning loud and clear to anyone who would listen. I'll try ...
Saving GM may be a key for energy independence - Midwest VoicesBy George Harris, Kansas City Star Reader Advisory Panel 2008 General Motors for years made its living by producing fuel gulping trucks and SUV's. Critics say management made bad decisions and should suffer the consequences. Maybe. But there is more ...
Car-respondence - Ford F-150 - FOX NewsI wish I could afford to get one now! I love the look and the interior and towing and payload is very important to me this wins hands down. If you do some research into past years you will find that the only way Ford has claimed the title "best ...
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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