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News about Mortgages:
Erin Toll's war on mortgage fraud rolls on - Northern Colorado Business ReportDENVER - The Colorado Division of Real Estate, under the direction of agency head Erin Toll, is racking up some big numbers in its campaign to stamp out mortgage fraud through its investigations of appraisers, lenders and brokers. The recent ...
Richmond Center worth keeping afloat - Nevada JournalIn the flood of 1993, under a different name and in a different building, the agency now operating as the Richmond Center was under water. Reams of documents were soaked. In the aftermath, staff painstakingly pulled apart the pages and spread them ...
Building Materials Holding Corporation Q3 2008 Earnings Call ... - Seekingalpha.comGood day ladies and gentleman, and welcome to the BMHC conference call. (Operator instructions) I would now like to turn the presentation over to your host for today’s conference, Ms. Lisa Laukkanen with The Blueshirt Group. Please proceed. Good ...
August 31 - September 7 (99) - Dakota Voice► January 16 - January 23 (1) She quietly inhaled the gas mixture the doctor gave her to relax. Suddenly, there was incredible pain. She jerked her legs up and cried. The doctor yelled at her and told her not to move. If she moved, she would bleed ...
Greeley brokers face sanctions - Northern Colorado Business ReportDENVER - State regulators have recommended that five Greeley real estate brokers face disciplinary action in connection with residential transactions that investigators say are tied to a widespread Front Range mortgage fraud scheme. The transactions ...
Pike County Man Charged with Fraud - WNEP-TV 16The FBI charged a man from Pike County with fraud in connection with an alledged mortgage scheme. Investigators said Alex Gambini, 42,of Greeley, used false real estate appraisals and false employment documents so his company, First Advantage ...
Colorado mortgage fraud probe uncovers kickbacks - Rocky Mountain NewsA $45 million Front Range mortgage fraud scheme involving 105 home sales in 2006 resulted in 88 foreclosures after $8 million was kicked back to buyers and brokers, a state probe has found. "It's certainly the biggest case we have ever investigated ...
Denver Police Department - Rocky Mountain NewsA 2-year-old child died after being admitted to a hospital with burns late Friday night, and Denver police are holding the boy's mother and her boyfriend for investigation of murder. Above, the two people being held by police. Few are writing ...
Viewer Stories: Housing Market Victims - WSB-TV AtlantaI lost my house a few months ago because I did not have the money for the elevating arms that came when the mortgage went from $1,222.00 to $2,000.00 in three years. I feel that the mortgage was a joke when no one would talk to me at the table before ...
Love Funding's St. Louis Office Secures more than $6 Million in ... - St. Louis Post-DispatchSt. Louis, Mo., October 28, 2008... Love Funding, a national mortgage-banking firm, today announced that its St. Louis office secured $6,398,600 in financing for three health care facilities in Colorado and South Dakota. Vice President Robyn ...
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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