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CBO chief likely pick as budget director - CNBCWASHINGTON - Congressional Budget Office chief Peter Orszag is the front-runner to be President-elect Barack Obama's budget director, Capitol Hill Democrats say. The 39-year-old CBO director has been reluctant to leave Capitol Hill's budget agency in ...
Mortgage Industry Veteran Launches National Loan Auditors - EarthtimesWALNUT CREEK, Calif. - (Business Wire) Chief executive officer, August Blass, announces the launch of Walnut Creek, Calif.-based National Loan Auditors (NLA) , a company providing quality control, pre-close, and post-close auditing, risk assessment ...
Texas Residential Mortgage Law Firm Polunsky & Beitel, LLP Adds New ... - Yahoo FinanceMortgage industry veteran Amy Coke assisting residential lenders DALLAS, Nov. 17 /PRNewswire/ -- The Texas-based residential mortgage law firm of Polunsky & Beitel, LLP, is proud to announce the addition of mortgage industry veteran Amy Coke as ...
SPS COMMERCE APPOINTS NEW COO SaaS Industry Veteran, Mike Gray, to ... - dBusinessNews.comAdvantus Sees Silver Linings in Stormy Mortgage Securities Market ST. PAUL - While the devastated residential mortgage market continues ... Vascular Solutions Ranked as One of the 500 Fastest Growing Technology Companies in North America MINNEAPOLIS ...
Five Easy Steps To Better Your Credit Score - WBZ-TVAs the global economic crisis continues to widen, credit scores are more important than ever. A slip of just a few points can slam the door on your dream home, raise your car insurance, it can even keep you from getting a job. Some doctors and ...
Slowly, mortgage help comes - Buffalo NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...
Latest News - dBusinessNews.comSPS COMMERCE APPOINTS NEW COO SaaS Industry Veteran, Mike Gray, to Provide Leadership and Advance ... Advantus Sees Silver Linings in Stormy Mortgage Securities Market ST. PAUL - While the devastated residential mortgage market continues ... Vascular ...
CWCapital Investments Hires Hugh Hall to Develop Mortgage Investment ... - PR Insidewww.cwcapital.com - CWCapital Investments (CWCI), a full service, commercial real estate investment management firm, announced that it has hired Hugh Hall as Managing Director. Hall will report to CWCI President Charles Spetka, and will be working to ...
Veteran charity preps for holidays - San Bernardino County SunIn these anxious times of worry about jobs and savings, it's good to think of those who have neither. Thanks to the Salvation Army Corps and other generous nonprofits, the Inland Empire's needy families can come together to give thanks at a ...
GEITHNER LEADS RESCUE TEAM - New York PostHe's no household name just yet, but financial brainiac Tim Geithner could emerge as the economy's new superstar savior if his desperate gamble to rescue Wall Street works. As president of the New York Federal Reserve Bank - the most important bank ...
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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