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Mortgage applications drop in week - The Money Times
Washington -- The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 6.2 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, fell 6.2 percent from ...

Your Mortgage Problems? They Could Be Worse - Nymag.com
Say you hadn't been reading the newspapers for the past couple of months, and you'd only been getting your news from a handful of guys who mostly just wanted to keep you happy. Like you were Tom Cruise, or something. Except you were even more out of ...

Widowed mother of 3 seeks solution to mortgage mess - St. Louis Post-Dispatch
If you think the mortgage mess is simple, you ought to chat with a woman in south St. Louis County who fears she might be on the road to losing her house. For the sake of her three kids, I'm not going to use the woman's name. But in the spirit of ...

US mortgage applications rise as interest rates drop-MBA - FXStreet.com
NEW YORK, Nov 13 (Reuters) - U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday. The Mortgage Bankers ...

US mortgage applications rise as interest rates drop - Forbes
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications which includes both purchase and refinance loans, for the week ended Nov. 7 increased 11.9 percent to 425.0, up from the previous week when the reading hit ...

RPT-US mortgage applications rise as interest rates drop-MBA - Forbes
NEW YORK, Nov 13 (Reuters) - U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday. The Mortgage Bankers ...

UPDATE 1-US mortgage applications rise as interest rates drop - FXStreet.com
NEW YORK, Nov 13 (Reuters) - U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday. The Mortgage Bankers ...

Mortgage Video Gallery - CNBC
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Nov. 7 increased 11.9 percent to 425.0, up from the previous week when the reading ...

Crowd size forces Commercial Mortgage meeting's postponement - Rockford Register-Star
Hundreds upon hundreds of investors of Commercial Mortgage and Finance Co., which filed for bankruptcy last month, showed up this morning to learn the status of their investment, only to be confronted by a crush of people and word that the hearing ...

Stocks Fall on Negative Economic Data - BusinessWeek
Stocks were trading lower Friday after Thursday's big rebound , as dismal retail sales figures forcing investors to focus on the economy. Signs of disunity in the government's response to the financial crisis also weighed on equities. Federal Reserve ...

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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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