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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 ...
2008 (2665) - Dakota Voiceâ–º January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Hudson City Bancorp, Inc. Reports Record Earnings of $88.7 Million - PR NewswirePARAMUS, N.J., April 22 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. NASDAQ: HCBK, the holding company for Hudson City Savings Bank, reported today that net income for the first quarter of 2008 increased 24.6% to $88.7 million as compared to ...
EU ministers approve 6.5 bln euro loan for Hungary - Guardian UnlimitedHungarian Prime Minister Ferenc Gyurcsany said the package, the biggest for an emerging market economy since the global crisis began, will serve as a buffer for the country to refinance its debt over the next 17 months with better conditions than ...
The Bank Bailout's Side Effect: Rising Mortgage Costs - TimeThe government's effort to boost bank lending to end the credit crisis is hurting one of the areas critical to the nation's recovery: mortgage rates. In the past week, the average mortgage rate on a 30-year fixed home loan has jumped more than one ...
Sterling Street sewer upgrade may cost more - Mid-Hudson News NetworkMonday November 10, 2008 Copyright © 2008 Mid-Hudson News Network, a division of Statewide News Network, Inc. This story may not be reproduced in any form without express written consent. Sterling Street sewer upgrade may cost more MIDDLETOWN ...
Federal help coming to deal with vacant homes - Kokomo TribuneThe downside of foreclosure is on full display at the Holiday Inn Express on a clear October day. Auctioneers from Dallas-based Hudson & Marshall have six homes on the block today, bank-owned repossessions from Marion, Bunker Hill, Sharpsville and ...
PEACOCK PARTY - New York PostTHE Peacock network is looking for space so it can expand its wings. Our media spies say NBC is seeking 300,000 feet of "incremental" space to add to its current office digs, which include its headquarters at 30 Rockefeller Plaza. You might recall ...
Real-Estate Slump Thrusts Lenders Into Unfamiliar Roles - Wall Street JournalMezzanine lender Dominion Capital Management LLC didn't anticipate developing shopping centers when it lent $170 million to developer Premier Properties USA Inc. But that is what Dominion is doing since Premier fell into bankruptcy court last spring ...
Business Digest - Providence JournalGeneral Growth Properties, owner of the Providence Place mall, has reported a third-quarter loss and abandoned its third-quarter dividend. In the second quarter, it paid 50 cents a share. The Chicago-based company also cut its forecast for this year ...
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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