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Obama's 3 Million Donors Asked to Pay Clinton Debt - FOX News
NEW YORK -- President-elect Barack Obama's vast list of donors is being asked to donate to Hillary Rodham Clinton as she scrambles to reduce her massive campaign debt before she becomes secretary of state and federal ethics rules limit her ...

Lincoln National stock up after a sharp drop - Greensboro News & Record
The haze is lifting and so is the stock price for Lincoln National after a dizzying drop that mystified some analysts in the past week. Its price climbed by 43 percent Tuesday to $10.07. Lincoln employs 1,323 workers in Greensboro, home of its Life ...

US diluted loan rules before crash - Lincoln Daily News
[ December 01, 2008 ] W ASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ...

Brown will press banks to pass on full rate cut - Times Online
Gordon Brown issued a stark warning to banks today, demanding that lenders must pass on yesterday's full 1 per cent interest rate cut to their customers. The Bank of England yesterday cut the interest rate to 2 per cent — the lowest level since ...

Mortgage plan seen as possible stimulus - Omaha World-Herald
A federal plan to reduce interest rates on home mortgages to as low as 4.5 percent could succeed in stimulating the housing market in the Omaha area and nationwide, local homebuilders and real estate agents say. “That would be a very big plus ...

From Bust to Broom: Foreclosure cleanups bustling - Lincoln Daily News
[ November 28, 2008 ] F ORT EDWARD, N.Y. (AP) -- Several men wordlessly carry out furniture, broken computers and boxes of garbage from a large blue house on a quiet upstate street on a brisk autumn morning. Rusting bikes and an old grill lay ...

Letters, 11/25: Face the consequences - Lincoln Journal Star
Why should homeowners who are behind on their mortgage payments be helped by the government or banks to avoid foreclosure? If you are going to spend money you don’t have, you should have to suffer the consequences. My parents have made every ...

Bobby Jindal, the Republican Strategists and the Last Battle - Huffingtonpost.com
In recent weeks, as part of an uncanny attempt to behave as generals fighting the last war, many in the Republican leadership have been floating Bobby Jindal, the governor of Louisiana, as the next Republican hope, or even the Republican Obama. The ...

REQUIRED READING - New York Post
Posted: 3:50 am November 30, 2008 Lincoln The Biography of a Writer by Fred Kaplan (Harper) After President-elect Obama was photographed holding this Lincoln book, Required Reading was curious about the author's reaction. "I was happily stunned ...

Powerful gathering to stir up ideas - Omaha World-Herald
LINCOLN — Omaha promises to be a policy wonk's delight this week. For five days, beginning Wednesday, more than 500 state lawmakers, governors and other officials from across the country will gather at the Qwest Center Omaha for the 75th ...

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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