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Street turns cautious ahead of employment report - Added 7 minutes ago - Town HallA period of relative calm on Wall Street ended Thursday as stocks tumbled in the final hour of trading on growing investor anxiety about the government's November employment report. The major indexes each fell more... Banks borrow less, investment ...
Register for FREE - Wall Street JournalAVONDALE, Ariz. -- In this Phoenix suburb, two townhouses stand vacant, filled with trash and abutting an empty neighborhood swimming pool covered with graffiti. But to Gina Ramos Montes and other city officials, the dilapidated properties seemed ...
Need to know: BT appointment ... InBev shifts focus ... Loans up - Times OnlineUK manufacturing : Activity fell at its fastest pace for almost 19 years last month as output and orders plummeted, the latest CIPS/Markit purchasing managers’ survey of the sector showed. The CIPS headline index of manufacturing conditions tumbled ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
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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