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Man takes cat from shelter, threatens staff with bat - Charleston Daily MailDALLAS -- Police are looking for an irate pet lover so intent on liberating his lost cat that he wielded a bat to fend off animal shelter employees. Dallas Animal Shelter manager Kent Robertson says the man found his missing gray and blue short ...
Citigroup plans a leaner future, cuts 53,000 jobs - NewsweekRecommended (6) Citigroup to Buy Wachovia Banking Operations Factcheck.org: Who Really Caused the Economic Crisis? Forbes: What Billionaires Say About the Wall Street Crisis Forbes: What Happened to Lehman and Merrill Lynch? Mortgages: Why Fannie Mae ...
Regional Roundup for 11/19 - Dallas Morning NewsThe city might scale back plans to refinance $164 million worth of Dallas Cowboys stadium bonds after not finding buyers at a reasonable rate. Arlington could have more success if it refinanced $110 million of that through bonds that mature within ...
FDIC's Bair pushes aggressive mortgage plan - CNN MoneyNEW YORK (CNNMoney.com) -- In a surprise move, FDIC Chairwoman Sheila Bair Friday unveiled details of her plan to have the government help delinquent homeowners. There are two key elements to the proposal. First, housing payments for delinquent ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. When Deal Journal told people we were going to cover an event honoring the 25 Most Powerful Women in Banking, a common reaction was: “There ...
Independent HBOS fight 'gaining pace' - ScotsmanTHE fight to save HBOS as an independent bank is still on, one of the two "banking knights" hoping to ride to its rescue told The Scotsman last night. Sir Peter Burt, HBOS's former deputy chairman, said the battle to stop the proposed takeover by ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Plan to refinance mortgages may save millions of homes - USA TodayThe government is weighing a plan to restructure hundreds of billions of dollars in home mortgages, its most ambitious effort yet to curb high foreclosures. The plan is expected to help 2 million to 3 million homeowners at risk of losing their homes ...
UPDATE 1-US mortgage applications slump to 8-year low - ReutersNEW YORK, Nov 5 (Reuters) - U.S. mortgage application demand skidded last week to an eight-year low, driven by a nearly 30 percent slump in demand to refinance home loans as borrowing costs rose, a trade group said on Wednesday. The Mortgage Bankers ...
Mortgage Video Gallery - CNBCU.S. mortgage application demand skidded last week to an eight-year low, driven by a nearly 30 percent slump in demand to refinance home loans as borrowing costs rose, a trade group said on Wednesday. The Mortgage Bankers Association's seasonally ...
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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