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News about Mortgages:
Countrywide to pay $13.5M in refunds, grants in North Carolina - Triangle Business JournalMeadowview foreclosure prevention workshop planned California, Arizona take different approaches to fix mortgage mess Prudential to sell Wachovia Securities stake to Wells Fargo J.D. Power ranks SunTrust No. 1 for mortgage origination; Wachovia drops ...
Countrywide must pay back $12 million - Raleigh News & ObserverHomeowners entitled to refunds from Countrywide should receive their checks within 60 days. To check whether you're eligible, call the state bank commissioner's consumer complaint hot line at 888-384-3811. Mortgage lender Countrywide Financial Corp ...
In Charlotte County, a costly dispute over new sewers - Herald TribuneCHARLOTTE COUNTY - Thousands of property owners in a largely undeveloped west Charlotte County neighborhood are caught in a struggle between public utilities that could cost them thousands of dollars. One utility, the Englewood Water District, claims ...
No Merrill honeymoon for BofA - CNN MoneyNEW YORK (CNNMoney.com) -- Bank of America CEO Ken Lewis has no shortage of distractions nowadays. From figuring out what to do with the money his Charlotte, N.C.-based company got as part of the government's bank bailout program to ongoing efforts ...
Paulson Considers New Plan to Lower Mortgage Rates (Update2) - BloombergDec. 3 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to lower mortgage rates in an effort to resuscitate the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage ...
Countrywide issues $11.5M in N.C. refunds - Charlotte Business JournalCountrywide issues $11.5M in N.C. refunds Countrywide refunds $11.5M to N.C. consumers Report: Bond investors sue Countrywide Countrywide Financial Corp. has agreed to issue $11.5 million in cash refunds to 4,800 borrowers as part of a settlement ...
Countrywide refunds $11.5M to N.C. consumers - Los Angeles BusinessCountrywide Financial Corp. has agreed to issue $11.5 million in cash refunds to 4,800 borrowers as part of a settlement with the N.C. Office of the Commissioner of Banks. In addition, Countrywide has agreed to make $2 million in grants to North ...
Smaller mortgage lenders see opportunity - Daily Business Reviews many of the biggest U.S. banks continue to pare back their mortgage lending, some smaller financial institutions see global financial turmoil as an opportunity to pick up market share. The eight largest mortgage lenders, as measured by total volume ...
Glimmer of hope for Christmas sales - The AgeLower mortgage payments, cheaper petrol and big discounts offer some hope of a Christmas shopping boost for Australia's retailers even as the grip of recession means it will be a tough festive season globally. But, while supermarket chain operators ...
Countrywide to refund $11.5M to NC borrowers - BusinessWeekTwo subsidiaries of Countrywide Financial Corp. have agreed to repay more than $11 million to nearly 5,000 North Carolina borrowers who were overcharged on their mortgages, the state banking commissioner said Thursday. Countrywide Home Loans and ...
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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