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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 ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd 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 ...
Novi-based Trinity Health finishes bond deal - Detroit Free PressTrinity Health completed a $492-million municipal bond deal late Tuesday that allows it to refinance costlier debt and expand projects at its Michigan and Idaho hospitals. The Novi-based health system is watching the market in hopes of moving ahead ...
Granholm to release $150 million for banks to loan out - Detroit Free PressShe also said she'll ask lawmakers to allow a 90-day freeze on home foreclosures to give homeowners time to refinance their loans with lenders. Granholm also warned, just five weeks into the budget year that began Oct. 1, of more state budget cuts by ...
U.S. Stocks Post Biggest Post-Election Drop on Economic Concern - BloombergNov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth ...
U.S. Stocks Drop on Economic Concern; Nucor, Boeing Retreat - BloombergU.S. Stocks Drop on Economic Concern; Nucor, Boeing Retreat By Elizabeth Stanton Nov. 5 (Bloomberg) -- U.S. stocks fell as reports showing the most private-sector job losses in six years and a slump in service industries spurred concern the economy ...
Media News - Mediabistro.comThe Los Angeles Times plans to cut 75 jobs, or 10 percent of its news staff, a response to the world financial crisis that is exacerbating already painful advertising declines at U.S. newspapers. The cuts are comparable in scale to some that the ...
US foreclosure filings up 71 percent in 3Q - Buffalo NewsThe number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly 766,000 homes received at least ...
George Voinovich calls Barack Obama a 'socialist' - Cleveland Plain Dealer Blog"He is left of Teddy Kennedy. With all due respect, the man is a socialist." Ohio's senior senator, a Republican, made his comments Thursday to a reporter for The Daily Sentinel in Pomeroy, Ohio. He was visiting the Meigs County Republican Party ...
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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