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If timing is everything, Brito's nailed it — so far - St. Louis Post-DispatchWhatever you think of InBev and its chief executive, Carlos Brito, you have to admire his timing. Brito probably couldn't have pulled off the acquisition of Anheuser-Busch a year earlier, and he certainly couldn't have done a deal three months later ...
Stonegate Mortgage Corporation Hires Cori Drudge as Loan Originator - Market WireINDIANAPOLIS, IN--(Marketwire - November 17, 2008) - Stonegate Mortgage Corporation is pleased to announce the hiring of Cori Drudge as a Loan Originator for their Fishers, Indiana office. Prior to joining Stonegate Mortgage, Mr. Drudge was the ...
AIB aims to issue bonds after new triple A rating - IndependentThe group is expected by market sources to issue a €1bn to €2bn bond as early as next week. Leon Neal/AFP/Getty Images ALLIED Irish Banks is poised to become the first Irish lender to issue bonds in the global debt markets following the €450bn ...
New game plan for refinancing - Fort Worth Star-TelegramARLINGTON — For four months, the city has been unable to refinance $164 million in variable-rate bonds for the Dallas Cowboys stadium project. On Tuesday, city staff members will ask the City Council for authority to refinance only part of the debt ...
World leaders pledge to combat global crisis - NewsweekRecommended (6) What Congress Will Look Like Under the Blue Dogs Recession: Could Lower Prices Kill The Economy? New Energy Policies Could Ease the Economic Crisis Samuelson: The Attack on American Affluence Q&A: CFR's Haass on Obama's Foreign Policy ...
Citigroup layoffs trump global economic plan - WTOP RadioWASHINGTON (AP) - Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53 ...
Mortgage Vs. Medicine - NewsweekThis week Billy Annese turned 28. That's remarkable since doctors once predicted that he'd never make it past 16. Annese suffers from a disease called Friedreich's ataxia, a progressive neurological disorder that, much like multiple sclerosis, gets ...
Nov 17, 5:39 AM EST - Associated PressWASHINGTON (AP) -- With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...
Tulare County real estate market hit by historic losses - Visalia Times-DeltaNew real estate figures released for Tulare County this week present an ever-grimmer picture of the local fallout caused by the nationwide housing-market slump and economic downturn. Foreclosures are up, home values continue to slide, and one out of ...
What needs to happen before the real estate market comes back - Madera TribuneMy mailbox has been filled with letters from readers who wonder if the real estate market will reset itself now that the presidential election is over. "Can we expect the next four years to bring us a better real estate market? Will my house go back ...
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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