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News about Mortgages:
Madera loan defaults increase - Madera TribuneForeclosure rates in Madera increased for the month of August over the same period last year, according to an agency that collects national real estate data. First American CoreLogic reported that the rate of foreclosures among outstanding mortgage ...
Balancing budget, mortgage costs - Madera TribuneAccording to recently released 2007 census figures, 7.5 million Americans spend at least half their income on their housing expenses. That's 15 percent of all Americans, up some 400,000 from the year before. For most family budgets, housing expenses ...
Fewer homes in foreclosure last month - San Diego Union-TribuneRIVERSIDE – Fewer Riverside County homes slipped into foreclosure last month, thanks largely to a new state law, but the number of properties in default were still ahead of last year's figures, a real estate tracking firm reported Thursday. A total ...
Real Estate Agents & Brokers - PR.comSouth Florida Real Estate Leading site for preconstruction, waterfront luxury homes and Condos. View 1000's of condos, homes and preconstruction... The Number One Source for Fort Myers Real Estate in Miami, Florida. View the latest condos and homes ...
How does a credit score impact your ability to get credit? - Walletpop.comMany people are finding that their credit scores have taken a big hit during these tough economic times. and as layoffs continue to mount more people will find they face a problem. In today's tight market if your score is below 650, you can probably ...
Nation briefs - Herald TribuneWork delayed at site of Fossett crash California officials say recovery efforts at the site of adventurer Steve Fossett's downed plane might not resume until summer. Snowfall ended the search in the Sierra Nevada on Friday. A Madera County Sheriff's ...
Defaults in Marin decline, but experts fear dip might be temporary - Marin Independent JournalReal estate data Oct 23: Marin foreclosures up 263 percent from last year Oct 21: Condos buck up Marin home sales Sep 2: Marin County home sales database Aug 27: Marin County home foreclosure database Marin's foreclosure rate has dropped by half in ...
RSS Feed: Local News - Tracy PressCHICAGO — You will count speed as a virtue if you’re going through a home remodeling, clicking on an Internet link or drafting a cornerback. But presented with looming calamity, most of us would much prefer one that moves slowly. Which is why ...
Housing to slow growth in 2008 - Raleigh News & ObserverA report warns of 20 percent hit on Triangle economy; U.S. growth may slow 25 percent WASHINGTON - The deepening housing crisis will cut economic growth by more than 25 percent in 143 U.S. metropolitan areas next year and by more than a third in 65 ...
Macerich Co. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood afternoon ladies and gentlemen. Thank you for standing by. Welcome to the Macerich Company third quarter 2008 earnings conference call. Today’s call is being recorded. At this time all participants are in a listen-only mode. Following 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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