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Washington Hospital helps bail out St. Rose - Inside Bay AreaFREMONT — Washington Hospital has approved a $1.5 million grant to help keep St. Rose Hospital in Hayward afloat. The grant, approved last week at the urging of Alameda County health officials, is part of a plan to help St. Rose refinance its debt ...
LETTER: We need to preserve the American family - Fremont TribuneStand up and be counted. This is a very important election to us citizens of the United States. Do we want to continue to celebrate our constitutional freedoms or be slaves to a socialist government? With Barack Obama’s plan, the working class will ...
Subprime's Black Tuesday? - SalonRepeat after me: On Tuesday, the "triple-B-minus-rated tranche of the ABX index" dropped to a new record low. Even if you have no idea what that means, it's kind of fun to say, although thinking about it too long may bring on a bad case of the heebie ...
Lenders raise bar for some borrowers - Raleigh News & ObserverStated income loans: W2 forms, pay stubs, tax returns and Internal Revenue forms are not required. 80/20 option loan: The first mortgage is provided for 80 percent of the cost of the home, and the piggyback second mortgage is for the remaining 20 ...
iStar Financial, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day and welcome to iStar Financial's Third Quarter 2008 Earnings Conference Call. (Operator Instructions). As a reminder, today's conference is being recorded. At this time, for opening remarks and introductions, I’d like to turn the ...
Exelon makes bid for NRG - Newark Star-LedgerExelon once again is wooing a New Jersey energy company, making an unsolicited offer to buy Princeton-based NRG Energy in an all-stock transaction valued at $6.2 billion. NRG shares surged more than 20 percent yesterday, hours after the acquisition ...
Cannery partners did it their way - Las Vegas SunBill Paulos and Bill Wortman, known to friends and colleagues at their Cannery Casino Resorts as “The Bills,” are interchangeable. If one Bill is busy and a decision needs to be made, the other Bill will make it for him. To understand how these ...
CapitalSource, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day, ladies and gentlemen, and welcome to the third quarter 2008 CapitalSource, Inc. earnings conference call. My name is Dan and I will be your coordinator for today. At this time, all participants are in a listen-only mode. We will conduct a ...
The Conservative Origins of the Sub-Prime Mortgage Crisis - Common DreamsHardly a day goes by without a news story about the accelerating number of foreclosures, an economic tsunami that is causing chaos in the housing and stock markets, the banking industry, and the global money markets, not to mention upending families ...
The Mortgage Mess and the Economic Meltdown: What McCain (and the Rest ... - Common DreamsThe nation's escalating economic troubles -- triggered by the growing wave of home foreclosures, declining housing prices,and bank failures -- was entirely preventable. It will take years and trillions of dollars to dig ourselves out of this hole, as ...
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.
Buyers 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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