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Angels call up righty Jepsen - International Herald Tribune
CHICAGO : The Los Angeles Angels called up right-hander Kevin Jepsen from Triple-A Salt Lake on Sunday, adding another arm to their overworked bullpen. Angels relievers pitched 7 2-3 innings in Friday's 10-2 loss to the White Sox and 7 1-3 during ...

Fed's Yellen-jobless jump underlines economy's risks - Forbes
LOS ANGELES, Sept 5 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Friday that an unexpected jump in the August U.S. unemployment rate highlights the risk of a vicious cycle of weakness locking into place for the U.S ...

UPDATE 1-Fed's Yellen-jobless jump shows economy's risks - Forbes
LOS ANGELES, Sept 5 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Friday that an unexpected jump in the August unemployment rate highlights the risk of a vicious cycle of weakness locking into place for the U.S ...

Police say Gary Coleman involved in Utah accident - Salon
Sep 7th, 2008 | PAYSON, Utah -- Authorities in Utah say a truck driven by actor Gary Coleman hit a man on his foot after the two argued in a bowling alley. Police Lt. Bill Wright says Coleman and Colt Rushton argued over pictures Rushton was taking ...

Real Salt Lake settles for 2-2 draw at LA Galaxy - ksl.com
CARSON, CA (Saturday, September 6, 2008) - In a match in which Real Salt Lake (8-8-7, 31 pts.) both trailed and lead, the Utah side would ultimately settle for a share of the spoils, battling the Los Angeles Galaxy (6-9-8, 26 pts.) to a 2-2 draw ...

Fed's Yellen-Jobless jump underlines economy's ris - Reuters
LOS ANGELES, Sept 5 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Friday that an unexpected jump in the August U.S. unemployment rate highlights the risk of a vicious cycle of weakness locking into place for the U.S ...

Freddie-Fannie bailout just the start of 'once-in-a-century crisis' - Salt Lake Tribune
The federal bailout of Fannie Mae and Freddie Mac raises scores of questions, fanning the fires of uncertainty that engulf the financial markets. Two Salt Lake City-based finance experts mostly agree the move is necessary - and should rescue interest ...

Volcker Says Finance System `Broken,' Losses May Rise (Update2) - Bloomberg
Sept. 5 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said the U.S. financial system, dependent upon securitization rather than traditional bank loans, is broken, and may contribute to the weakest expansion since the 1930s. ``This ...

First-time home buyers ... celebrate! - Salt Lake Tribune
Lindsi and Nick Barber are using tax credits to help purchase a Lehi home that should be complete in October. As first-time homebuyers, Nick and Lindsi Barber are plowing most of their available cash into their down payment. Normally, that would ...

Treasuries Advance as Economy Sheds Jobs for 8th Straight Month - Bloomberg
Sept. 5 (Bloomberg) -- Treasuries rose, with 10-year notes headed for the biggest weekly gain since February, after a government report showed the economy lost jobs in August for the eighth consecutive month, increasing expectations that the Federal ...

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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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