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The racing is over for the season but F1's off-track action is hotting ... - Daily Telegraph
The racing is over for the season but F1's off-track action is hotting up The dust has now settled on the titanic tussle earlier this month which crowned Britain’s Lewis Hamilton Formula One’s youngest-ever world champion by one point over ...

Warsaw School Board okays bonds to replace roof - Daily Gate City
WARSAW, Ill. - The Warsaw School District can move forward to replace the roof on its 1957 building with the school board's approval Thursday of issuing general obligation bonds. The district is borrowing $370,000 in new money for the life/safety ...

Bumpy ride almost over at Landry's? - Houston Chronicle
InAugust 2007, Landry’s Restaurants opened the Boardwalk Bullet, a wooden roller coaster in Kemah. Investors have been getting wounded ever since. The new ride served as an omen to Landry’s investors, coming the same month that Landry’s settled ...

Xstrata drops £5.6bn Lonmin bid but raises stake to block rivals - The Independent
Brown to attend EU credit crunch summit UK house prices suffer record fall US Senate passes new bail-out plan FTSE rises as US bailout plan vote soothes nerves Northern Rock withdraws savings products Bank set to cut interest rates to prevent slump ...

FTSE falls sharply as earnings worries grow - Financial Times
Man Group , the hedge fund manager, dropped to a three-year low as the market surrendered the hard-won gains of the past two sessions. Shares in Man dropped 1.7 per cent to 248p after Morgan Stanley cut its target price to 260p because of concerns ...

Obama's plan to change the economy - Salon
In 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 ...

Credit Crunch Video Gallery - CNBC
Credit Crunch Hits Gulf Reg... Grey clouds are gathering over the Gulf region as oil and stock markets tumble, taking house prices with them. Mohammed ... G20 Leaders Agree Economic ... G20 world leaders agreed broad plans for more government ...

Credit crisis adds to Canada's forestry woes - Vancouver Sun
VANCOUVER - Canada's capital-intensive forest sector is facing a fresh blow, this time delivered by tightening credit markets, says an RBC Capital Markets report released Tuesday. Lumber markets are depressed, pulp markets are in a steep decline and ...

Lowry: Here we go again with the exaggerated demise of Anglo-Saxon ... - Salt Lake Tribune
The gloating didn't last long. A few weeks ago, German Finance Minister Peer Steinbrueck proclaimed that ''Anglo-Saxon capitalism'' is ''finished.'' Steinbrueck stuck it to the hated Anglo-Saxon capitalists just in time - before he got too distracted ...

Church on auction block - Cincinnati.com
It might take a miracle to save a Hamilton Township church from the auction block. The mortgage holder for Crosspointe Community Church has called in its loan. Now, the multi-purpose building and 26 acres on Cozaddale-Murdock Road in Warren County is ...

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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.

    View all Terms
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