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Global warming could lead to more Arctic energy - Times of IndiaBRUSSELS: The Arctic offers new energy and fishing resources as a result of global warming and new technology, the European Union said on Thursday. Melting ice also presented new navigation possibilities such as a short route to the Pacific Ocean ...
Economy becomes top worry for EU mortgage lenders - Reuters UKBRUSSELS (Reuters) - There is no end in sight to problems in Europe's 6 trillion euro (£5 trillion) home loans market but countries with conservative lending policies are riding the storm relatively well, top industry officials said on Thursday. Big ...
Get a Deep Insight into the World Banking Market Brief - PR Insidewww.reportlinker.com - Reportlinker.com announces that a new market research report related to the Financial services industry is available in its catalogue. The global outlook series on Banking provides a collection of statistical anecdotes, market ...
A look at economic developments around the world - Lexington Herald-LeaderLONDON - Mortgage lending in Britain was down 44 percent in October compared with a year ago, the Council of Mortgage Lenders said. Meanwhile, government statistics showed that British retail sales fell only 0.1 percent in October from September, and ...
Nordic countries to lend Iceland $2.5 billion - Buffalo NewsFinland's Finance Ministry says four Nordic countries will lend Iceland $2.5 billion (euro1.98 billion) to help the country recover from its economic meltdown. Finance Ministry official Martti Hetemaki says the decision by Finland, Sweden, Norway and ...
Swedish Banks Shun Government Plan, Riling Ministers, Companies - BloombergNov. 20 (Bloomberg) -- Nordea AB , Svenska Handelsbanken AB and SEB AB, Sweden's biggest banks, are drawing fire from government officials for shunning the state's plan to bolster the financial system by guaranteeing their debt. The three banks ...
US military deaths in Iraq war at 4,201 - Las Vegas SunAs of Thursday, Nov. 20, 2008, at least 4,201 members of the U.S. military have died in the Iraq war since it began in March 2003, according to an Associated Press count. The figure includes eight military civilians killed in action. At least 3,393 ...
Nations Around The World Mark 10th Anniversary Of International Space ... - SpaceRefHOUSTON - Nations around the world will join together to mark a milestone in space exploration this week, celebrating the 10th birthday of a unique research laboratory, the International Space Station. Now the largest spacecraft ever built, the ...
Banks spanked - The SunBANK shares plunged yesterday on both sides of the Atlantic — even before US lawmakers voted to reject the £400billion economic bail-out of Wall Street. As Congressmen were debating whether to approve the plan, the US government had already been ...
Legoland's own small world - Los Angeles Times BlogsSome people say you can't really put a price on fun. But I'm guessing a lot of those people are billionaires and mortgage defaulters. It seems to me that being a parent, especially at the moment, is all about putting a price on fun. And being 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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