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Fed Chair Calls for Additional Steps to Stem Foreclosures - Washington PostFederal Reserve Chairman Ben S. Bernanke endorsed more aggressive action to prevent home foreclosures today, including steps that would involve new uses of government funds to try to keep more Americans in their homes. "Reducing the number of ...
U.S. Fed Reserve Chairman Calls For Steps To Stem Foreclosures - Free Internet PressFederal Reserve Chairman Ben S. Bernanke endorsed more aggressive action to prevent home foreclosures Thursday, including steps that would involve new uses of government funds to try to keep more Americans in their homes. "Reducing the number of ...
Bernanke calls for measures to stem foreclosures - International Herald TribuneNEW YORK : The Federal Reserve chairman said Thursday that the government and banks must do more to curb a flood of foreclosures that has devastated families and neighborhoods and now threatens to deepen the housing crisis. The chairman, Ben Bernanke ...
Carmen: Time Is Right to Refinance Your Mortgage - CNBCDespite the doom and gloom in the economy, there's actually a glimmer of hope shining through for homeowners looking to refinance. The average interest rate on a 30-year fixed mortgage dropped below 6% for the first time in almost a year. Appearing ...
Bernanke backs using more govt. funds to limit foreclosures - MarketwatchWASHINGTON (MarketWatch) -- Federal Reserve Board Chairman Ben Bernanke threw his support behind using government funds to limit the number of homeowners who lose their residences through foreclosures. In a speech opening a Fed conference on housing ...
Bernanke: more action needed to cut foreclosures - International Herald TribuneWASHINGTON : Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into America's deep economic troubles. Although a flurry of actions have been taken to ease ...
Bernanke Says U.S. Must Step Up Foreclosure Efforts (Update2) - BloombergDec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on its own. The Fed chief outlined four ...
BOND REPORT: Treasurys Gain With Yields At Multi-decade Lows - CNN MoneyTreasurys advanced Thursday, pushing benchmark 10-year note yields to multi-decade lows, as a report showed initial claims for unemployment benefits unexpectedly fell in the latest week. Ten-year note yields (UST10Y) fell 5 basis points, or 0.05%, to ...
Bernanke urges action on foreclosures - Financial TimesBen Bernanke, the US Federal Reserve chairman, urged policymakers on Thursday to boost efforts to stem home foreclosures. “Despite good-faith efforts by both the private and public sectors, the foreclosure rate remains too high, with adverse ...
Bernanke: More Must Be Done About Foreclosures - News 4WASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been ...
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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