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Banking on brains and something else - Monterey County Herald
When I started covering the White House more than 50 years ago, I believed that the smarter a president was, the better he would be. That was wrong. Lyndon Johnson and Ronald Reagan were certainly not intellectuals, but they knew how to impose their ...

Mortgage-tax revenue slips down - Press Republican
MALONE — Franklin County took in about $60,000 less than last year in mortgage-tax fees in its April-to-September billing cycle. But there was still more than $285,000 in property-transaction fees disbursed to its municipalities to spend. Under ...

Home foreclosures on the rise in Franklin County - Public Opinion
More on the market: Foreclosed homes in Franklin County jumped from 16 last year to 28 today. In more typical economic times, the county has six to seven foreclosures on the market. Home foreclosures are up. The number of properties listed for ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Church faces suit over property - Nashua Telegraph
NASHUA – A developer has sued a downtown church, alleging breach of contract for failing to live up to the terms of a lease. At issue: three parcels near the Nashua River that have long been eyed for redevelopment. The developer, 34 Franklin St ...

Alliance Agonistes - Barron's Online
HURT BY WEAK INVESTMENT RESULTS, outflows from its mutual funds and a disastrous foray into hedge funds, AllianceBernstein , the New York asset manager, has seen its shares plunge about 75% this year, to 17. That makes it among the worst performers ...

Night at movies stocks food bank - Nashville Tennessean
FRANKLIN — More than 275 people braved cold temperatures and blustery winds on Nov. 22 to support the annual Dinner and a Movie Food Drive sponsored by Nashville Family Church in conjunction with Carmike Theaters. Patrons got to see the new James ...

Rurban Financial Corp. Completes Acquisition of National Bank of ... - MSN MoneyCentral
DEFIANCE, Ohio, Dec. 1, 2008 (GLOBE NEWSWIRE) -- Rurban Financial Corp. ("Rurban") (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services, and bank data and item processing, announced that the ...

People making news - Detroit Free Press
• Zeeland-based ODL, a manufacturer of door glass and door treatments, has promoted Jeff Mulder to corporate president and chief operating officer. Mulder has been with ODL for 16 years and has held management positions in a number of different ...

Open-and-Shut Case for Closed-End Bond Funds - Barron's Online
SOMETIMES, IT'S SAID the best place to find oil is on the New York Stock Exchange. Rather than explore and drill wells, oil companies can find proven reserves represented by the shares of their rivals traded on the Big Board. Some savvy bond ...

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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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