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Show your support. - Huffingtonpost.comToday's economic crisis, and the federal government's response, is like putting a finger in the dike to avert a major catastrophe -- possibly even a depression. But as quickly as we plug one leak, another springs forth. Congress is seeking to avoid ...
SEC May Curb Credit-Rating Conflicts, Delay New Mortgage Grades - BloombergBy Jesse Westbrook and Mark Pittman Dec. 2 (Bloomberg) -- The U.S. Securities and Exchange Commission may act to curb conflicts of interest at credit-rating companies while delaying a mortgage-bond ranking proposal faulted by underwriters, two people ...
Brasch Words - American ReporterBLOOMSBURG, Pa. -- It was Monday evening and the phone rang - again. It was probably the fifth time in two hours. A pleasant voice said she was from the - oh, that really doesn't make any difference. Both presidential candidates have volunteer ...
SEC Curtails Conflicts of Interest at Moody’s and S&P (Update1) - BloombergBy Jesse Westbrook Dec. 3 (Bloomberg) -- The U.S. Securities and Exchange Commission, responding to criticism that Moody’s Investors Service and Standard & Poor’s Corp. contributed to the financial crisis, voted to reduce conflicts at credit ...
Matter Of Records: December 1 - Wichita Falls Times Record NewsKell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...
Loads of Options - Barron's OnlineTHERE ARE STOCK CARS, AND THEN THERE ARE STOCK CARS . Chris McMahon, the eponymous owner of a Ford dealership in Norwalk, Conn., was musing about ways to get more traffic into his Main Street showroom last summer while cruising up I-95 in his Taurus ...
Auto sales plunge; industry on the ropes - San Jose Mercury NewsSales numbers released Tuesday confirm the U.S. auto industry has hit its roughest stretch of road in at least two decades, with the effects felt from the Motor City to Mountain View. As the chief executives of the Big Three American automakers head ...
For house flipper, journey is highlight - News-PressCHARLOTTE, N.C. — Elizabeth Keller loves houses, but doesn’t have a home. She and her husband are living in a spectacular house she built on Sterling Road in the Charlotte, N.C., neighborhood of Myers Park. With five bedrooms, six baths, 5,700 ...
Obama Loves the 90s, Part 2 - ABC News BlogsPresident-elect Obama today unveiled his new "Economic Recovery Advisory Board," to bring outside voices into economic policymaking, which he said sometimes "in Washington can become a little bit too ingrown, a little bit too insular. The walls of ...
Energy job market loses some of its zing - Houston ChronicleMORE WORK: Mark Zimmerman, at Halliburton’s real-time drilling lab. Oil prices are off, but Halliburton plans to keep hiring. For the last two months, energy jobs have been the hot topic at mixers put on by the Houston chapter of Young ...
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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