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News about Mortgages:
Stocks plunge 400 on shopping fears - Rocky Mountain NewsNEW YORK — Investors uneasy about the holiday shopping season gave today back some of Wall Street’s recent gains, sending the Dow Jones industrial average down more than 400 points. While initial reports about the start of holiday shopping this ...
AIG announces limits to executives' salaries - Rocky Mountain NewsAmerican International Group Inc. said Tuesday it is limiting how much it pays its top executives, including granting a $1 salary for this year and the same for 2009 to Chief Executive Edward Liddy. The decision is one of many broader moves made by ...
More Top Stories » - Yahoo NewsCHICAGO - President-elect Barack Obama will keep Defense Secretary Robert Gates in that job for at least a year, according to an official familiar the two men's discussions. MIAMI - A judge on Tuesday ruled that a strict Florida law that blocks gay ...
Empty Stockings - Independent RecordThis Empty Stockings feature is printed every year on the Sunday after Thanksgiving to present the Wish and Need lists of Helena area nonprofit organizations that assist families, individuals and the pets they love in various ways throughout the year ...
Business Tech - CNET NewsShares of Dell and Qualcomm plunged by double digits Monday, as the Dow Jones Industrial Average went into a free-fall of nearly 700 points on news that the economy is officially in a recession . (Credit: Yahoo Finance) The Dow closed down 679.95 ...
Merchant of gloom makes bet - ONE NewsAn Australian academic who expects zero interest rates within two years and a 40% drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong. And he'll wear a T-shirt saying: "I was hopelessly ...
Merchant of gloom makes a bet - West OnlineAn academic who expects zero interest rates within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong. And he'll wear a T-shirt saying: "I was hopelessly wrong ...
Economic rescue could cost $8.5 trillion - Los Angeles TimesReporting from Washington -- With its decision last week to pump an additional $1 trillion into the financial crisis, the government eliminated any doubt that the nation is on a wartime footing in the battle to shore up the economy. The strategy now ...
Obama vows to slash wasteful spending - Boston GlobeCHICAGO (Reuters) - President-elect Barack Obama vowed on Tuesday to cut billions of dollars from wasteful government programs as he sought to reassure Americans anxious about a growing mountain of debt and a faltering economy. Obama held a second ...
'Rate Cut Rory' challenges pessimist Keen - Brisbane TimesAn academic predicting a collapse in house prices has made a bet with Macquarie Group economist Rory Robertson that commits the loser to walk from Canberra to the top of Australia's highest mountain. A forecast by University of Western Sydney ...
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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