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Just the Facts... - Safe HavenFor the week, the S&P500 dropped 8.3% (down 45.5% y-t-d), and the Dow fell 5.3% (down 39.3%). The Morgan Stanley Cyclical index was pounded for 11.9% (down 59.8%) and the Transports for 10.6% (down 31.7%). The Morgan Stanley Consumer index dropped 4 ...
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 ...
2008 (2665) - Dakota Voiceâ–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 ...
AbitibiBowater Loss Widens on Costs to Close Mills (Update2) - BloombergNov. 6 (Bloomberg) -- AbitibiBowater Inc. , the world's largest newsprint maker, said its third-quarter loss widened from the previous period because of costs to close mills. The loss of $302 million, or $5.23 a share, compares with a second-quarter ...
AbitibiBowater Plunges Amid Concern About Debt (Update2) - BloombergNov. 6 (Bloomberg) -- AbitibiBowater Inc. , the world's largest newsprint producer, fell the most in three weeks in New York trading amid concern it may fail to refinance more than $600 million of debt that matures next year. AbitibiBowater tumbled ...
Abitibi tries to forget last quarter - Montreal GazetteThe September quarter was one to forget for newsprint and commercial printing paper giant AbitibiBowater Inc. Fibre, energy and freight costs and the Canadian dollar all were near their peaks. But October was a month that chief executive David ...
Paterson: ‘This is not a reality show; this is not a game’ - Times Union Blogs“There are two ways the public should be concerned. One is just the effects of the cuts. I think we all know that they will be pretty severe — we’re in that kind of a situation. … The other concern they should have is that we haven’t gotten ...
A transcript follows. - Washington PostAbout Pearlstein: Steven Pearlstein writes about business and the economy for The Washington Post. His journalism career includes editing roles at The Post and Inc. magazine. He was founding publisher and editor of The Boston Observer, a monthly ...
Election 2008: Hillary Clinton in the news - NewsdayAbout 1,000 union and political activists whooped and shouted their way through a late afternoon rally Wednesday in Eisenhower Park, less than two miles from the site of the presidential debate. Whether you're a follower or an iconoclast, there's a ...
Election 2008: Barack Obama in the news - NewsdayGeorgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...
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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