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News about Mortgages:
US to leave door open on climate for Obama: officials - Khaleej TimesWASHINGTON - President George W. Bush’s outgoing administration promised Wednesday to leave options open at next week’s UN climate talks in Poznan, Poland on president-elect Barack Obama’s possible environment plans. “We hope that Poznan can ...
Brown defends mortgage break scheme - Cambridge NewsPrime Minister Gordon Brown said the Government's plan to give struggling homeowners a two-year mortgage payment holiday would make people "feel more secure in the downturn". He said his Government wanted to "do everything we can to reassure people ...
Call for £1bn mortgage plan details - Cambridge NewsStruggling homeowners are eagerly awaiting details of a government rescue plan which will give them a two-year mortgage holiday underwritten by the taxpayer. Under the Homeowner Mortgage Support Scheme people who experience a significant temporary ...
Cambridge Index climbs 12.8% - Cambridge NetworkThe Cambridge Index surged 12.8% or 407.5 points to 3,580.8, aided by the improvement in market sentiments, after the US and UK government pledged billions of dollars to support economic growth and revive lending. The top 10 index heavy weight stocks ...
New Anglia IT Recruitment website, developed by netXtra, triumphant in ... - Cambridge NetworkHaving recently been highly successful at the Trade Association Forum Best Practice Awards, with websites developed for the Recruitment and Employment Confederation (REC), the British Educational Suppliers Association and the Council of Mortgage ...
Cause and Effect - American Enterprise InstituteAlthough the media are full of talk that we face a "crisis of capitalism," the underlying cause of the financial meltdown is something much more mundane and practical--the housing, tax, and bank regulatory policies of the U.S. government. The ...
Treasury Yields Drop to Record Lows as Bernanke Cites Buybacks - BloombergDec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. Bonds rallied for a ...
Fed’s Lacker Says Safety Net Limit Is Critical Issue (Update2) - BloombergDec. 3 (Bloomberg) -- The Federal Reserve, U.S. Treasury and other agencies must roll back the “unprecedented” expansion of the government safety net rather than try to encircle it with more regulation, Richmond Fed Bank President Jeffrey Lacker ...
Around Tech Valley - Times UnionTD Charitable Foundation awarded two grants to winners of its "Housing for Everyone" competition, supporting affordable housing initiatives in the community. The Homeless and Travelers Aid Society of the Capital District in Albany will use a $15,000 ...
With economy tight, even lawyers get outsourced - Baltimore SunAs the economic crisis deepens in the U.S., some lawyers are making out well -- in India. At the Mumbai subsidiary of outsourcer Pangea3 LLC, rows of Indian lawyers at new computers pore over contracts, covenants and other financial documents. They ...
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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