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News about Mortgages:
WaMu to lay off 3,400 in Seattle; bank to empty most of its leased ... - Seattle TimesWashington Mutual employees return to corporate headquarters in downtown Seattle after attending a meeting Monday across the street with JPMorgan Chase CEO Jamie Dimon. About 3,400 corporate employees will lose their jobs. In a mass layoff that also ...
Turn-Key Mortgage Modification Solution Announced by National Law Firm ... - Businesswire.comNEW ORLEANS & DALLAS--( BUSINESS WIRE )--Today the national law firm McGlinchey Stafford PLLC announced a solution to make mortgage loan modifications efficient and seamless for any financial institution facing the prospect of large-scale processing ...
Katrina evacuee puts group show together - Louisville Courier-JournalA box of bones, female mechanics and comments on the animal nature of humans share the art limelight in Louisville this weekend: • Today: New Orleans hurricane refugee Tim Faulkner celebrates one year in his adopted Louisville with his Tim Faulkner ...
New Orleans home-loan program builds slowly - New Orleans Times-PicayuneAfter months of dickering and false starts, the centerpiece in New Orleans' strategy of clustering people in viable neighborhoods is finally off the ground with forgivable loans for first-time homebuyers. A handful of low- to moderate-income families ...
Brad and Angelina Bring Their Curious Love to New Orleans - PopsugarDec 1 2008 - 7:46pm Brad Pitt and Angelina Jolie graced the red carpet in New Orleans last night at a screening of The Curious Case of Benjamin Button. read more Sugar's Best of 2008 Blowout Is Here! Newlyweds Heidi and Spencer Return to LA! Jessica ...
Bank requests bailout funds - Baton Rouge AdvocateIberiabank Corp., the Lafayette-based parent of Iberiabank, has asked for a $90 million slice of the Treasury Department’s $700 billion bailout of the U.S. banking industry. Bank officials were quick to point out Tuesday the bank is not under ...
Former WaMu facility in Albion escapes Chase cuts - Democrat and ChronicleThe Washington Mutual call center in Albion, Orleans County, will stay open even as the new corporate parent, JPMorgan Chase & Co., makes cuts in other parts of the combined companies' operations. JPMorgan Chase officials made the announcement today ...
The Ascent of Money: A Financial History of the World - Monsters and Critics“In the course of this useful if somewhat lumpy volume, Mr. Ferguson looks at the roots of the current economic meltdown, examining how, in a globalized world that uses increasingly complex financial instruments, defaults on subprime mortgages in ...
JPMorgan to keep ex-WaMu center open - Buffalo NewsOrleans County breathed a major sigh of relief Monday, as JPMorgan Chase & Co. announced that the former Washington Mutual customer service center in Albion will stay open with full staffing. The announcement means 800 workers will keep their jobs at ...
First-homebuying fever - Philadelphia Daily NewsWall Street may be reeling. Mortgage lenders may be tightening their belts. But despite these hallmarks of a real-estate lull and economic downturn, one prevailing thought is clear, say the experts: Right now may be one of the best times in modern ...
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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