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Hillsborough County commissioner's security business a possible ... - St. Petersburg TimesTAMPA — As a Hillsborough County commissioner, Kevin White serves on the government agency that regulates limousine services. This summer, he started a security business that advertises, among other offerings, limousine services for VIPs. His new ...
More houses return to lender - Chicago TribuneThe number of vacant eyesore homes in your neighborhood could be on the rise. The reason: At auctions, the last legal step in the home foreclosure process, a growing share are ending up back in the laps of lenders instead of sold to third-party ...
Fannie, Freddie rescue plans leave many anxious - Rapid City JournalWASHINGTON - A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants as assets. Speculation has been building on ...
Financial sector fears stem dollar rally - Financial TimesThe dollar pulled back from its recent highs on Thursday as fresh worries emerged over the health of the US financial system. The dollar has rallied strongly since the start of the month, climbing more than 5 per cent against the euro, amid a growing ...
Mortgage lending sees slight glimmer - MyFinances.co.ukGross mortgage lending in the UK economy showed signs of a slight recovery during July, according to the latest figures from the Council of Mortgage Lenders (CML). The total lent during the month stood at an estimated £24.8 billion in July. This was ...
FDIC sets mortgage plan for IndyMac borrowers - Rapid City JournalWASHINGTON - Troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail ...
Latest News - dBusinessNews.comFuentek, LLC Taps MMI Associates, Inc. For Public Relations Services RALEIGH, N.C. – Patty Briguglio, president of MMI Associates, Inc. ... Coldwell Banker Howard Perry And Walston Builder Services Community Named Top 100 By Ideal Living Magazine ...
Fannie, Freddie shares dive on bailout fears, bonds up - MSN MoneyCentralNEW YORK (Reuters) - Fannie Mae and Freddie Mac shares plunged to their lowest levels in almost 20 years on Wednesday, while the mortgage companies' bonds rallied on the belief that an increasingly likely government bailout would wipe out ...
Stilwell investigation likely to be completed after primary - News-PressThe third-party investigation into whether Lee County Manager Don Stilwell lied to county commissioners about his involvement in the Daniels View land deal likely won’t be completed by next week’s primary election. “Probably not,” County ...
RPT-TREASURIES-Bonds surge as Fannie, Freddie hit ground floor - ReutersNEW YORK, Aug 20 (Reuters) - Short-term Treasury bond yields fell to three-month lows on Wednesday as worries surrounding mortgage finance giants Fannie Mae and Freddie Mac reached fever pitch. Investors fear a bailout of the government-sponsored ...

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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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