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Financial News
ABCPMMMFLF Spells Fed Relief for JPMorgan, Citi Shadow Banking - Bloomberg
Nov. 17 (Bloomberg) -- The U.S. Federal Reserve's emergency lending programs, intended to thaw commercial paper and money markets, are also helping banks limit losses from some of their $4 trillion in off-the-books guarantees and loan commitments. A ...

General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Sacramento Business Journal
Malls woo shoppers with holiday goodies Ford’s ills may bump KCK plant into closing Galleria parent retains Sidley Austin LLP in ‘advisory role’ Man guilty in Hawaiian Airlines bankruptcy fraud case Developers add hotel, industrial site to ...

Rivals to this day - Columbus Dispatch
E. Gordon Gee, left, president of Ohio State University, sought an on-campus arena in the 1990s. Then-Columbus Mayor Greg Lashutka wanted an arena Downtown. After years of failed efforts, it was becoming clear in 1994 that Columbus was on the verge ...

Winthrop Realty Trust Q3 2008 Earnings Call Transcript - Seekingalpha.com
Greetings and welcome to the Winthrop Realty Trust third quarter earnings release conference call. At this time, all participants are in a listen-only-mode. A brief question-and-answer session will follow the formal presentation. (Operator ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

2008 (2665) - Dakota Voice
â–º January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Mortgage application volume declines last week - Forbes
Mortgage application volume fell 16.6 percent during the week ended Oct. 17, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index slipped to 408.1 during the week, from 489.3 a week earlier ...

Growing Mortgage Lender Residential Finance Corp. Says Housing and ... - dBusinessNews.com
Residential Finance Corporation helps the Hernandez family find FHA mortgage funding to meet their refinance and purchase needs Residential Finance Corporation (RFC), a nationwide FHA-approved mortgage lender with headquarters in Columbus is helping ...

Q: Are Americans still applying for mortgages? - Louisville Courier-Journal
A: According to weekly data from the Mortgage Bankers Association, mortgage-application volume fell 16.6 percent during the week ended Friday. The trade group's application index slipped to 408.1 during the week, from 489.3 a week earlier. The index ...

Mortgage Applications Fall 16.6% - CNBC
Demand for applications to buy homes and refinance mortgages sank 16.6 percent last week, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers Association's seasonally adjusted ...

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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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