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News about Mortgages:
House presses Paulson on bailout changes - Dubuque Telegraph HeraldWASHINGTON (AP) -- Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping ...
Fryzel Announces Mortgage Relief Program for Consumers - NCUANovember 18, 2008, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today unveiled a new initiative aimed at assisting credit union members who are experiencing mortgage-related financial difficulties to preserve ...
Alexandria native joins MidSouth Bank - Alexandria Daily Town TalkBATON ROUGE -- Kimberly Stephens has joined MidSouth Bank as Vice President and Commercial Loan Officer at its Jefferson Highway location in Baton Rouge. In her new role, Stephens will be serving existing commercial clients and developing new ...
Home foreclosures on the rise in Franklin County - Public OpinionMore on the market: Foreclosed homes in Franklin County jumped from 16 last year to 28 today. In more typical economic times, the county has six to seven foreclosures on the market. Home foreclosures are up. The number of properties listed for ...
819551 Foreclosure - Haugen - Echo PressTHAT no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or ...
811226 Foreclosure - Looker - Echo PressAMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $117,288.15 That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice ...
Alexandria News - WTOP RadioA federal grand jury has indicted a northern Virginia attorney for his alleged role in a large immigration fraud scheme. Home sales are up in Northern Virginia compared to a year ago. Realtors say the region's housing market is still volatile and ...
The Littlest Mortgage Crisis Victims - Washington PostThe long arm of the global financial crisis reached down into Morena Parada's preschool classroom, where a little girl named Joeli Arias-Lopez painted bright green and orange splotches on an oversize easel and pronounced it a house. The 4-year-old ...
WaMu conspiracy theories abound, but there's no smoking gun - Seattle TimesA man is seen through the window of the Washington Mutual building in downtown Seattle the morning after WaMu was seized by the FDIC and then sold to JPMorgan Chase. WaMu's is the biggest U.S. bank failure in history. Since the moment Washington ...
Fryzel to Congress: NCUA Ready to Help with Assets - NCUANovember 19, 2008, Alexandria, Va. -- National Credit Union Administration Chairman Michael E. Fryzel today called upon Congress to encourage Treasury to equip NCUA with additional flexibility in dealing with troubled assets in the credit union ...
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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