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New York mayor urges Obama to fix municipal bond market - MSN MoneyCentralNEW YORK (Reuters) - New York City Mayor Michael Bloomberg said he had advised President-elect Barack Obama's transition team to boost U.S. economic growth by fixing the credit markets so that cities and states can resume borrowing to build ...
Malls, hotels next victims in mortgage crisis as signs show meltdown ... - Minneapolis Star TribuneWASHINGTON - Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...
Taxpayers' mortgage guarantee - bbcGordon Brown has just announced a scheme which he hopes will lead to significantly fewer repossessions next year than the 75,000 currently expected by the CML. It's an attempt to provide assistance for two years to those families which suffer a fall ...
Pound set for biggest 1-day fall vs dollar since '92 - Reuters UKLONDON (Reuters) - The pound slid broadly on Monday, heading for its biggest one-day loss against the dollar since September 1992, as weak UK manufacturing and mortgage data raised the stakes for a bold Bank of England interest rate cut. The pound ...
Ford Motor Co. asks Congress for $9B line of credit; says it hopes not ... - Minneapolis Star TribuneHey Congress, Why dont you pay off my student loan and my mortgage? I am paying my loans on time, and not buying things i can't afford. … read more Why are we helping out the dumb people? They will fall right back into debt. How about tough love ...
Digital Media - CNET NewsCarl Icahn opposes selling just a portion of Yahoo because the billionaire investor-activist believes the stock is undervalued, he told CNBC on Wednesday. Carl Icahn opposes a partial sale of Yahoo, saying the company is undervalued. (Credit: CNET ...
Wall Street jumps on Coke, defensive plays - Zee NewsNew York, Dec 04: Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks. Coca-Cola Co, the ...
Texas A&M tops Penn State 61-57 to remain unbeaten - FOX NewsMALIBU, Calif. — Takia Starks scored 20 points and Danielle Gant added 14, leading No. 8 Texas A&M to a 61-57 victory over Penn State in the first round of the Timeout 4 HIV/AIDS tournament Friday. The Aggies (5-0) will play the winner of the game ...
Fewer IPOs going back for seconds - ReutersNEW YORK (Reuters) - Investors are showing scant appetite for follow-on share offerings by new public companies, signaling that even those that have pulled off an IPO in the current climate will find it hard to come back for seconds. The market for ...
IPO VIEW-Fewer IPOs going back for seconds - ReutersNEW YORK, Nov 28 (Reuters) - Investors are showing scant appetite for follow-on share offerings by new public companies, signaling that even those that have pulled off an IPO in the current climate will find it hard to come back for seconds. 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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