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News about Mortgages:
How To Keep Tabs On Any Business - ForbesThere is always less room for error when the economy goes south. But benchmarking your business means a lot more than tracking revenues, gross margins and debt ratios. To truly a get a handle on your company's health, you have to look beyond income ...
Fitch Downgrades 3 Classes of GMAC 1998-C1; Assigns Stable Outlooks - PR InsideFitch Ratings has downgraded GMAC Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1998-C1 as follows: --$25.2 million class H to 'B' from 'BB-'; Outlook Stable; --$14.4 million class J to 'CC' from 'B' and ...
Mr. Bush, Come Tell the Ghosts in Queens Your Financial Plan - Common DreamsAs our lame-duck President began his televised speech about the financial meltdown Thursday in lower Manhattan, accountant Barbara Beaubrun sat in her house in southeast Queens, shaking her head in disbelief. "He's in the wrong place," Beaubrun ...
November 2008 - Weblogs.baltimoresun.comHis Eminence James Francis Cardinal Stafford criticized President-elect Barack Obama as “aggressive, disruptive and apocalyptic,“ and said he campaigned on an “extremist anti-life platform,” Thursday night in Keane Auditorium during his ...
Obama Needs a Protest Movement - Common DreamsThe astonishing election of 2008 is over. Whatever else the future holds, the unchallenged domination of American national government by big business and the political right has been broken. Even more amazing, Americans have elected an African ...
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 ...
Minorities in loan crush: Hopeful home owners hit hard by credit ... - New York Daily NewsBronx homeowners and homebuyers are having more trouble obtaining credit than their counterparts in any other borough, with black and Hispanic buyers suffering the worst, according to a new report. The Bronx saw the largest drop in the number of home ...
Mortgage Roulette - US News and World ReportChris Melvin figured it was time to move up. Sharing a cramped 800-square-foot house near Denver with his fiancee, Krissy Urick, a year ago he went shopping for bigger digs and soon found a four-bedroom home in Longmont, Colo. "It's just an average ...
Obama's plan to change the economy - SalonIn the past quarter-century, there has probably never been a better time for a presidential candidate to charge into downtown Manhattan and make a speech arguing for more regulation of the financial industry. The moral authority of market ...
RESCUE ON FIFTH - New York PostLiving up to his reputation as the Houdini of real estate jams, Harry Macklowe is said to be negotiating a rescue deal with billionaire investor Joseph Cayre in exchange for the keys to Macklowe's trophy GM Building - Manhattan's priciest office ...
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.
Buyers 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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