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News about Mortgages:
Rethinking Capital - CFO.comIt may be the worst contraction of credit since the Great Depression. As the mortgage crisis has deepened, banks have been reluctant to lend money to anyone, including each other. Debt investors have fled to the safest corners of the bond market. And ...
Exhibitors: Gaming expo business steady despite economy - Las Vegas SunDespite a drop in attendance, gaming technology exhibitors said they mostly had a successful year as the Global Gaming Expo came to a close Thursday evening. The American Gaming Association reported a 7 percent drop in attendees at this year's ...
Daily Report - Baton Rouge Business ReportThe City-Parish Planning Commission is set to vote on a concept plan for a mixed-use development on Joor Road at its meeting this evening. Joor Crossings, near the intersection of Mickens Road, would have 249 low-, medium- and high-density housing ...
Financial problems hit Atlantic City's casinos - MSN MoneyCentralATLANTIC CITY, N.J. (AP) - The worsening economy continues to batter Atlantic City casinos, with Resorts Atlantic City missing a crucial loan payment that could jeopardize the future of Atlantic City's first casino and the Tropicana Casino and Resort ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
C’mon down: Vegas ‘Price is Right’ resembles television namesake - Las Vegas SunVenue: Bally’s Jubilee Theater Length: 90 minutes Age restriction: Must be 21-plus to play, 20 and younger may watch. Ticket price: $49.50 Show times: 2:30 p.m. Tuesday through Saturday Web site: More information Over the years “The Price is ...
Investorside Research Association Announces 2008 Leadership Awards ... - Businesswire.comNEW YORK--( BUSINESS WIRE )--At the 2008 Annual Members Day Conference held in New York City on October 21, 2008, Investorside recognized six member firms for Research Excellence in Case Study. Ben Rose of Battle Road Research was recognized for The ...
Last of the red-hot showgirls - Las Vegas SunThe two dazzling shows are museum pieces, windows into Las Vegas’ glamorous past when feathers, furs and sequins barely covered leggy showgirls. It’s hard to look at the scantily clad young dancers in “Folies Bergere” and “Donn Arden’s ...
Bankrupt companies choose Del. to file - Delaware OnlineDelaware's Bankruptcy Court is once again the preferred emergency room for big businesses in serious financial health, particularly subprime home mortgage lenders. In 2007, nearly 80 percent of major companies that sought bankruptcy protection in the ...
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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