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Scotiabank launches Scotia Mortgage Authority - Banking Business Review
Scotiabank said that the launch of Scotia Mortgage Authority will result in its mortgage broker partners having access to a broader range of products for sale to their clients. These include conventional mortgages, multiple adjustable rate mortgage ...

Scotiabank Launches Scotia Mortgage Authority, Reinforces Link to ... - TradingMarkets.com
"Scotia Mortgage Authority was created by bringing together the best of two great organizations. As the No. 2 acquirer of Broker-originated mortgages, we're well positioned to continue recording strong results in the mortgage broker channel, by ...

Capital One to buy Chevy Chase Bank - The Washington Times
The Chevy Chase Bank is one of a dozen banks located along one mile of Maple Avenue in Vienna. Bert V. Goulait / The Washington Times. From combined dispatches McLean-based Capital One Financial Corp. is expected to announce Thursday that it will buy ...

Photo gallery: Leaf GMs through the years - Toronto Star
S ome suggest Brian Burke's expected contract negotiations with the Maple Leafs will be akin to a holdup, minus the balaclava and pistol. Others disagree vehemently, arguing that it is the Leafs who hold all the leverage with an executive who ...

Falling house prices helping some Whatcom County residents buy homes - Bellingham Herald
As a global economic storm dominates financial headlines, some Whatcom County residents are still finding affordable ways to borrow money and buy homes as prices moderate. "People who were priced out of the market six months to a year ago are now ...

A case study in housing collapse - St. Petersburg Times
TAMPA — Thousands of miles from the trading floors of global stock markets, an abandoned house in one of Tampa's poorest neighborhoods is an improbable place to learn about why the world's financial system is collapsing. But if you want to ...

Deeds Sept 21st thru 30th 2008 - Cecil Whig
Bertha J. Sager, Trustee, to Barbara S. Dean, George Street, Chesapeake City, $0, September 29. Bertha J. Sager, Trustee, to Barbara S. Dean, 43 Basil Avenue, Chesapeake City, $0, September 29. Jan A. Banker to Jan A. Banker and Fay Walker, 721 Bell ...

Matter Of Records: December 1 - Wichita Falls Times Record News
Kell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...

On the House: Historical perspective on market - Philadelphia Daily News
We're closing in on the end of what has been a tough year for real estate nationally, and the numbers could get worse between now and Dec. 31. In this region, it's been hard, but maybe not so bad when compared with the mid-1990s. Back then, the ...

TheStar.com | GTA | Joblessness a double blow for immigrant family - Toronto Star
Gurtek Saini, 14, sits in a renovated office in a Steeles Ave. plaza, typing quickly and quietly on a laptop computer. "I am not able to find employment as I have worked at the same job for 14 years," he writes. "I have no transferable skills." The ...

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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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