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News about Mortgages:
Call 4 Action: Woman Has Warning For People Struggling With Mortgage - Pittsburgh ChannelNORTH FAYETTE, Pa. -- Evicted from her foreclosed home, one local mother thought she found the company that would be her saving grace. But now that company is under investigation and the woman has a warning for anyone struggling to make their ...
Property transfers - Herald-StandardProperty transfers listed in the Fayette County recorder of deeds office from Nov. 7 through Nov. 13 were as follows: Thomas W. Yeager to John A. Smaniotto, property in Georges Township for $15,000. Richard H. Diehl to John J. Cossu Jr. and others ...
Flagstar opens three mortgage lending offices in Memphis market ... - Memphis Business JournalBrenda Pearson, Alan Kline and Andy Ellis of Flagstar Bancorp. Troy, Mich.-based Flagstar Bancorp. has opened mortgage lending offices in Germantown, Olive Branch and Jackson, Tenn., and has plans for at least one office in Memphis and in Fayette ...
Legal aid offered to Ohio families - Chillico GazetteLegal Aid Day, which was Nov. 12, has come and gone, but the work of the attorneys, paralegals and support staff continues. Southeastern Ohio Legal Services, with its office on East Second Street in Chillicothe, serves Ross, Pike, Pickaway, Fayette ...
Incumbent Chambliss goes on the road to rally supporters - Atlanta Journal ConstitutionIt’s a cold, wet day in the Republican heartland just south of Atlanta, and Republican incumbent U.S. Sen. Saxby Chambliss and his troops are trying to rally the faithful in the face of withering economic headwinds and new polls that show his race ...
Kentucky Datebook - Lexington Herald-LeaderThe Corporate and Community Development Office of Bluegrass Community and Technical College will offer online continuing education training to health care providers in the areas of end of life care, gerontology and bioenergy and spiritual healing ...
Obama’s first crisis: the economy - Atlanta Journal ConstitutionWASHINGTON — President-elect Barack Obama’s pre-inaugural “honeymoon” could turn into a major headache. Unlike those preceding him in office, Obama is being forced into swift action on the economy with a financial crisis and the specter of ...
Personnel file - Nov. 17 - Lexington Herald-LeaderCentre College: Ali Hamilton and Dawn Brown-Piatt have been named admission counselors. Shanna Heath has been named welcome center coordinator. Finance Kentucky Bank: Coy Nunemaker has joined the bank's lending department as a mortgage originator. He ...
Central Ohio home-sales numbers keep slumping - The Columbus DispatchThe central Ohio housing market remains stagnant, with sales down nearly 10 percent last month. As a result, the number of people who sell homes for a living likely will fall as well. The Columbus Board of Realtors expects that its membership could ...
Bill Clinton tells Somerset: Small towns keeping Hillary in race - Tribune-DemocratSOMERSET — It may not have been a direct counterattack, but the message was unmistakably clear. Seizing upon comments by Democratic presidential candidate Barack Obama that rural Pennsylvania towns cling to religion and guns out of economic ...
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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