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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Aaron Lucchetti, David Enrich and Susanne Craig send these dispatches from the New York sites of Lehman’s last hours. At the New York Fed’s ...
Great Plains Energy Inc. Q3 208 Earnings Call Transcript - Seekingalpha.comWelcome to the Great Plains Energy third quarter 2008 Earnings Call. (Operator Instructions). This conference is being recorded today Thursday, November 6th, 2008. I would now like to turn the conference over to Michael Cline, Vice President of ...
What Mervyn didn't say - bbcThe slightly odd thing about Mervyn King's speech last night is that it didn't address the issue of what the central bank, the Bank of England , could do better next time. King's analysis of what went wrong is spot on, as always. In a nutshell our ...
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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