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Obama girls get to see their new White House rooms - Post-BulletinWASHINGTON -- Malia and Sasha Obama got a tour of their new White House digs from Jenna and Barbara Bush on Tuesday and checked out potential schools, capping a busy few days looking into their new life in the nation's capital. President George W ...
UPDATE 3-Germany says ready to help troubled carmaker Opel - ReutersBERLIN/FRANKFURT, Nov 17 (Reuters) - Germany said on Monday it was ready to help General Motors' (GM.N: Quote , Profile , Research , Stock Buzz ) struggling German unit Opel, though it would make sure any aid did not seep over to the U.S. parent or ...
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 ...
Germany says ready to help troubled carmaker Opel - Guardian UnlimitedBERLIN/FRANKFURT, Nov 17 (Reuters) - Germany said on Monday it was ready to help General Motors' struggling German unit Opel, though it would make sure any aid did not seep over to the U.S. parent or trigger a flood of demands for support. Chancellor ...
World leaders pledge to combat global crisis - KTAR.comWASHINGTON (AP) - European and Asian markets on Monday didn't think much of the lengthy action plan world leaders came up with over the weekend to address a sagging global economy. The plan was produced at a weekend meeting of leaders of the Group of ...
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 ...
Ratiopharm owner Merckle lost on VW bets -sources - ForbesFRANKFURT, Nov 17 (Reuters) - German billionaire Adolf Merckle was among investors caught on the wrong foot by an unprecedented surge in carmaker Volkswagen 's shares, two sources familiar with the matter told Reuters on Monday. The losses, which ...
UPDATE 1-Ratiopharm owner Merckle lost on VW bets - FXStreet.comFRANKFURT, Nov 17 (Reuters) - German billionaire Adolf Merckle was among investors caught on the wrong foot by an unprecedented surge in carmaker Volkswagen's shares, Merckle's son Ludwig Merckle said on Monday. The losses, which according to a ...
Hypo Real Says Bailout to Weigh on 2008, 2009 Results (Update4) - BloombergNov. 17 (Bloomberg) -- Hypo Real Estate Holding AG , the German property lender bailed out last month, expects the costs for its government-led rescue and restructuring to weigh on earnings in 2008 and 2009. ``We are predicting an extremely negative ...
Hypo Real Estate seeks more cash from rescue fund - Guardian UnlimitedFRANKFURT, Nov 17 (Reuters) - Troubled German property financier Hypo Real Estate wants to tap the government for more cash by the end of the year, beyond the 50 billion euros ($63.43 billion) it has already secured, it said on Monday. Hypo Real ...
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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