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News about Mortgages:
Obama Names Richardson as Choice for Commerce Secretary - Washington PostPresident-elect Barack Obama has nominated Gov. Bill Richardon for Secretary of Commerce. Richardson is currently the governor of New Mexico. CHICAGO, Dec. 3 -- President-elect Barack Obama announced his choice Wednesday of New Mexico Gov. Bill ...
World headlines today - The TimesHomeowners will be able to defer payments on their mortgage for up to two years if they lose their jobs, under plans to cut repossessions announced by British Prime Minister Gordon Brown. Financial Times: Western banks face snub by China fund China ...
New – Blair sets up credit card court - Tribune-DemocratHOLLIDAYSBURG — Judges in a central Pennsylvania county have established a special court to deal with credit card default cases. The system just begun in Blair County is informally called Credit Card Court. Judges attempt to settle civil lawsuits ...
Blair forms new Credit Card Court - Altoona MirrorHOLLIDAYSBURG - Local residents are defaulting on their credit card payments and mortgages at a record rate, leading Blair County judges to form what has loosely been referred to as a Credit Card Court. The purpose of the new system, which went into ...
Blair County has special court for credit card defaults - Pittsburgh Post-GazetteHOLLIDAYSBURG, Pa. -- Judges in Blair County have established a special court to deal with credit card default cases. The system just begun is informally called Credit Card Court. Judges attempt to settle civil lawsuits with conciliation conferences ...
Investment firms set up mortgage provider - Gulf NewsAbu Dhabi: Five of Abu Dhabi's major investment, real estate and finance companies on Wednesday announced the launch of a new mortgage provider, Abu Dhabi Finance. Established with an initial capital of Dh500 million, the company will service clients ...
Brown moves to slow repossessions with Queen's speech mortgage help - Guardian UnlimitedGordon Brown today announced plans to help borrowers who are struggling to keep up with their mortgage repayments stay in their homes. The move, announced this afternoon by the prime minister in a debate on the Queen's speech , is designed to slow ...
'Lord' Mandelson is suddenly calling the shots. But, asks QUENTIN ... - Daily MailMost of the Dukes and Earls were chucked out in 1999, but there was one figure at yesterday's State Opening of Parliament, amid the spangled, curlicued splendour of the Upper House, who looked profoundly at his ease. Not for the first time in his ...
Brown helps crunch victims keep homes - ScotsmanVICTIMS of the economic downturn can have their mortgage interest payments delayed for up to two years under a government scheme to avoid homes being repossessed, Gordon Brown announced yesterday. The scheme is due to start early next year and will ...
Lula, Like Bush, Gives Bad Shopping Advice: Alexandre Marinis - BloombergDec. 3 (Bloomberg) -- The government of Brazil is about to begin a media campaign encouraging Brazilians to avoid recession by spending more money. Let’s remember that the leaders of the U.S., the U.K. and Canada gave their citizens the same advice ...
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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