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Local construction loan delinquencies rise - Crain's Chicago Business
(Crain’s) — More local real estate developers fell behind on construction loan payments in the second quarter, with one measure of loan delinquency hitting its highest point since at least 1992. Sliding sales of condominiums and single-family ...

Money and Monetary Policy - Chicago Tribune
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. Competition among banks for consumers' money has ...

Housing stories and features - Orlando Sentinel
Hundreds of houses in Greater Orlando are bought each week for just $100 apiece -- even in upscale subdivisions such as Baldwin Park. As lawsuits continued to pile up against The Paramount on Lake Eola condominium in downtown Orlando, the judge ...

His Space - Wired
Perched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...

American Capital Provides $50 Million Financing for Republic Financial ... - PR Newswire
CHARLESTON, W.Va. (AP) - Many safety standards passed by ... But the federal Mine Safety and Health Administration has yet ... KNX 1070 NEWSRADIO is Southern California's must ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

Bipartisan energy bill a bad effort - North County Times
If Patricia McFarlane (Letters, Feb. 25) had bothered to read the Energy Independence and Security Act, she might not have agreed with Nick Leibham. She states "that bill was a bipartisan effort." Fourteen Republicans voted for it, and seven ...

American Capital Invests in the One Stop Buyout(TM) of NECCO - PR Newswire
BETHESDA, Md., Dec. 28 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. (NASDAQ: ACAS) announced today that it has invested in the One Stop Buyout(TM) of New England Confectionery Company ("NECCO"), the oldest multi-line confectioner in the ...

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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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