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Economic woes hit area hospitals - Bend BulletinWe welcome comments from subscribers (E-Edition or print). Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by The Bulletin or bendbulletin.com. The Bulletin and bendbulletin.com reserve the right to ...
Bair’s Testimony: More Aggressive Intervention Is Needed - Wall Street JournalThe government needs to do more to prevent the record cascade of foreclosures that has caused the current financial crisis, Federal Deposit Insurance Corp. Chair Sheila Bair told lawmakers Tuesday. “As foreclosures escalate, we are clearly falling ...
November 2008 - Weblogs.baltimoresun.comWhenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...
U.S. Home Resales Probably Increased on Foreclosures (Correct) - BloombergOct. 24 (Bloomberg) -- Home resales in the U.S. probably rose in September, aided by foreclosure-driven declines in prices that made properties more affordable , economists said before a report today. Purchases of existing homes rose 0.8 percent last ...
U.S. Economy: Home Resales Rose More Than Forecast (Update1) - BloombergOct. 24 (Bloomberg) -- Home resales in the U.S. rose more than forecast in September, aided by foreclosure-driven declines in prices that indicated the market was stabilizing before the latest slump in financial markets. Purchases of existing homes ...
Gloomy earnings season likely, analysts say - Atlanta Journal ConstitutionNary a Wall Street investor is surprised that third-quarter earnings reports due in the coming weeks are predicted to be a washout. Those waiting for some good news in a market that lost more than $7 trillion over the past 12 months ought to be ...
Home resales rise more than expected - Houston ChronicleHome resales in the U.S. rose more than forecast in September, aided by foreclosure-driven declines in prices that indicated the market was stabilizing before the latest slump in financial markets. Purchases of existing homes jumped 5.5 percent last ...
Financial analysts study history as economic crisis mounts - Delaware OnlineWhen finance professor David Hartzell gives a talk about the nation's financial mess, the first thing he does is project a picture of his late father as a symbol of all that's changed in banking. N. Russell Hartzell Jr., who ran Wilmington Savings ...
Mortgage losses mounting - Portland TribuneKaren Rider (foreground), an agent for a trustee sale officer, conducts an auction of foreclosed homes on the Multnomah County Courthouse steps just inside the building. Uncle Sam is bailing out Wall Street wheeler-dealers who invested in home loans ...
Barack Obama returns to where the money is -- Beverly Hills - Los Angeles Times BlogsBarack Obama is dropping in on his Beverly Hills friends tonight and will leave with his campaign coffers bulging with many millions more. The first event, $28,500 per ticket, will be at Greystone Mansion -- the Beverly Hills landmark that was built ...
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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