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Craig Overlander to Join Wachovia Securities as Global Head of Fixed ... - MSN MoneyCentral
CHARLOTTE, N.C. , Sept. 4 /PRNewswire-FirstCall/ -- Wachovia Securities announced today that Craig Overlander will join the firm as managing director and global head of Fixed Income, beginning Sept. 15 . Overlander will report to Ben Williams , head ...

Stocks Plummet After Retail, Unemployment Data - ABC News
Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The market was ...

Stocks tank — Dow ends day nearly 350 down - CNBC
NEW YORK - Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The ...

Stocks plunge 3% on retail, jobless reports - Seattle Times
NEW YORK — Wall Street plunged today, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery ...

Investors worry as stocks tumble - Detroit News
NEW YORK -- Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year ...

Stocks plummet on retail, unemployment data - San Francisco Gate
Friday, September 5, 2008 The market was already nervous as it waited for the government to release its August employment report today. So news from the nation's major retailers that shoppers curtailed their spending last month due to higher gas and ...

Dow tumbles more than 300 points - Minneapolis Star Tribune
NEW YORK — Wall Street dove sharply lower today, sending the Dow Jones industrials down more than 300 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late ...

Dow drops 340 on jobless, spending reports - Newsday
Dejected investors sent stocks plunging yesterday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The market was ...

Markets beat retreat as bad news piles up - Houston Chronicle
NEW YORK — Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The ...

Josh gets a job! - CNN Money
NEW YORK (CNNMoney.com) -- It took six months and hundreds of resumes, but Josh Hager has finally landed a job. The Jersey City, N.J., resident is finishing his third week as a commercial credit analyst at Eastern Funding, which provides financing ...

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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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