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Chambliss, Martin Make Final Push Before Georgia Runoff - All Headline NewsAtlanta, GA (AHN) - Sen. Saxby Chambliss (R-GA) and Democrat Jim Martin are making their final push ahead of a runoff on Tuesday for a crucial seat that will put Senate Democrats one race away from getting a 60-vote majority that will block ...
O'Malley hopes to expand mortgage aid - The Washington TimesANNAPOLIS | Gov. Martin O'Malley said Friday he is hoping an agreement with six mortgage-servicing companies to help struggling homeowners avoid foreclosure will pressure other companies to join the effort. The six companies service about 23 percent ...
Pound battered by fears of prolonged recession - Times OnlineSterling slumped against the dollar today in reaction to more bad economic data suggesting Britain is in for a prolonged and deep recession. The pound was down 5.2 cents to $1.486, its largest one-day fall in percentage terms since sterling dropped ...
Nation: Birmingham Mayor Charged With Bribery - Street.ComJefferson County's bonds went sour as the mortgage crisis hit and banks tightened up on lending, sending credit costs for the bonds skyrocketing. Related Articles Search for Geithner Replacement Begins Obama Continues Filling Out Team Obama Taps ...
Downturn may prompt downsize - Australian Broadcasting Corp.ELEANOR HALL: Social researcher Hugh Mackay says the economic downturn, as the economic downturn hits more Australians, it might prompt a change of values in the upper-middle classes. Hugh Mackay says as wealthier Australians suffer financially, they ...
Fed will buy up to $600-billion in troubled assets - Globe and MailWASHINGTON — The Federal Reserve said Tuesday it will buy up to $600-billion (U.S.) in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed said it will purchase up to $100-billion in direct obligations from mortgage ...
FBI: Birmingham Mayor Arrested on Federal Charges - The LedgerBIRMINGHAM, Ala. | The mayor of Alabama’s largest city, Larry Langford, was arrested today on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes that paid his debts for flashy clothes ...
Deed transfers for the Dec. 1-28 edition - Star-BannerWarranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...
Hedge Fund Jobs - Seekingalpha.comBank trio becomes duo. Wells Fargo ( WFC ) will become the largest U.S. bank by branches with its bid for Wachovia ( WB ), after Citigroup ( C ) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's ...
Dec 01 06:54 PM - Seekingalpha.comThe tragedy of Krugman's policy prescriptions is he always recommends more of what caused the problem. He, and most other "mainstream" economists, recommend and implement policies that cause boom-bust business cycles and then they ride in on their ...
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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