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News about Mortgages:
Housing market tries to recover - Culpeper Star ExponentAs in communities nationwide, the Culpeper County real estate market continues to be a mixed bag. Price-wise, year over year since October 2003, the local market has come full circle — houses now sell for about what they did back then. However ...
National Briefing - Daily HeraldState agency OK's lease for industrial park GREEN RIVER -- Emery County has secured rights to more than 2,500 acres of state trust lands for an industrial park that is a possible site for Utah's first nuclear power plant. The lease was signed Monday ...
Fall of the Funds of Funds - BusinessWeekBy David Henry and Matthew Goldstein Hedge funds, already suffering from an ill-fated love affair with leverage, are finding themselves haunted by another problem. It turns out many so-called funds of hedge funds, portfolios with stakes in multiple ...
Concerned ... Rail boss Iain Coucher - The SunVODAFONE led FTSE-100 gainers as VERIZON WIRELESS, the US mobile operator in which it owns a 45 per cent stake, unveiled a £14.3billion takeover of rival ALLTEL. The deal, seen as sensible for Voda, makes Verizon Wireless America’s No1 mobile ...
Cracking down? - Sportsnet.caStop me if you've read this before, but the NHL is "cracking down" on hits to the head. No really, it's true, it's in a memo from NHL executive Colin Campbell where he reminds players that the league has, "for a number of years, tried to eliminate ...
Two more sentenced for mortgage fraud - Cleveland Plain Dealer BlogA jury found Robert Huff, 46, of Solon, guilty of theft by deception and Carol McGlothin Smith, 67, of Aurora, pleaded guilty to the same charge for their roles in the sale of a house on Sedge Circle in Solon. Smith, who worked for Country Home ...
Standard Pacific Homes Continues Their Award Winning Tradition - Carolina NewswireRALEIGH, N.C. -- Standard Pacific Homes won silver for their Emery B plan in the Brightleaf at the Park neighborhood. The accolades were given out this past Tuesday night at the Durham, Orange and Chatham County awards dinner for the Parade of Homes ...
Foreclosures up in U.S., but not in Garfield County - Enid News & EagleAmong the worst fears of any family is losing their home. That fear is being realized all across the United States as the bottom fell out of the national housing market. It is worse in some states than others. California is hard hit, parts of ...
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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