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Regional Roundup for 11/19 - Dallas Morning News
The 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 ...

Good News! Only $6 B. in Big CMBS Loans To Mature in '09 - New York Observer
PropertyShark. It's extraordinary what passes for good news these days! But here you have it. Commercial Mortgage Alert is reporting that only $6 billion worth of CMBS loans worth $50 million or more each will mature in 2009, a quantity that the ...

Bond resolution passes without debate - Nashville City Paper
There was no debate on the unprecedented $59 million bond refinancing resolution at the Metro Council meeting on Tuesday. The resolution passed with a 30-6 vote one night after District 23 Councilwoman Emily Evans fired a series of hard questions at ...

Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal Sentinel
Nov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...

Tea Fire Takes Conejo Road Residents by Surprise - Santa Barbara Independent
del.icio.us. Outside San Marcos High School’s Red Cross shelter Friday, sitting with homeowners’ insurance agents under make shift tents, people whose homes burned to the ground Thursday night were grappling with reality. A handful of those who ...

Voices of the Evacuated - Santa Barbara Independent
del.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed 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 ...

Owner of Providence Place faces bankruptcy - South Coast Today
INSIDE BASEBALL: Just what is the value of Jason Varitek? Board votes not to renew Gagne’s contract (5:15 p.m.) Westbound lane on I-195 in Swansea open, eastbound side still closed Some people mourned a movie star; she mourned a friend New Bedford ...

Loans reach new depths - Age
In late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional Funding Group. The ad, offering credit to people having trouble making ends meet, was of great interest ...

Seafood plant using $4.1M state loan to add 53 jobs - South Coast Today
INSIDE BASEBALL: Just what is the value of Jason Varitek? Board votes not to renew Gagne’s contract (5:15 p.m.) Westbound lane on I-195 in Swansea open, eastbound side still closed Some people mourned a movie star; she mourned a friend Big shoes to ...

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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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