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Mortgage Activity Spurs Treasurys - Wall Street Journal
NEW YORK -- U.S. Treasury prices rose smartly Thursday as the market benefitted from buying related to trading in the mortgage market. The rise in the market came as stocks wobbled and headed sharply lower into the close, and as more weak economic ...

IS BROWN’S MORTGAGE RESCUE ANOTHER EMPTY PLEDGE? - Daily Express
Gordon Brown’s £1billion mortgage rescue package for struggling households was in danger of unravelling last night. The proposed emergency mortgage “holidays” could help as few as 9,000 out of around 75,000 families who face losing their homes ...

Did NeNe from "Real Housewives of Atlanta" really lose her house in ... - Gaysocialites.com
Rumor has it someone was saying that NeNe Leakes from "The Real Housewives of Atlanta" got evicted from her home. I didn't actually hear that rumor until NeNe issued this statement to deny said tales: "The recent rumors alleging that my family faced ...

4.5 percent mortgage: Will it work? - Philadelphia Inquirer
Realtors, builders, and even the federal government have tried everything from giveaways to incentives to tax credits to get home sales back on track - all with scant results. The newest suggestion - 4.5 percent fixed-interest rates for home loans ...

Tax lessons need to be learned - Daily Commercial
What the mainstream media failed to tell the public was the sub-prime mortgage rate was conceived under President Jimmy Carter, a Democrat. In 1977, the Community Reinvestment Act was created to open the way for people living in lower economic areas ...

Interest rates cut - don't expect too much - New Zealand Herald
Lowering the official cash rate will make mortgages cheaper, but don't expect it to cushion the impact of the international financial crisis, says one banking expert. Massey University's centre for banking studies director David Tripe told the Herald ...

Avoiding foreclosure - Charleston Gazette
CHARLESTON, W.Va. - In 2007, a few months after Jeff Light was laid off from his longtime job, he and his wife realized they couldn't make the mortgage payment on their Huntington home. "We've got kids, and this is the only home they've really known ...

Rescue Schemes - Modesto Bee
WASHINGTON -- The foreclosure sharks are circling the San Joaquin Valley. Homeowners beware. Just ask Fresno resident Patricia Ireland. A temporarily laid-off Internal Revenue Service employee, Ireland was scrambling to meet her mortgage payments ...

Keep Wall Street woes simple for kids - Reading Eagle
Children and teens undoubtedly have noticed recent headlines concerning Wall Street woes and the mortgage crisis. What should their parents tell them about the nation's current economic troubles? Should they go into detail about financial pressures ...

AIG needs unified plan to recover: Greenberg - Reuters
NEW YORK (Reuters) - Former American International Group Inc (AIG.N: Quote , Profile , Research , Stock Buzz ) CEO Maurice "Hank" Greenberg said the insurer could fall apart unless management quickly came up with a unified recovery plan. "You can't ...

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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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