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Lawsuit over signing shock - Houston Chronicle
Nanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The city sued one lender saying it was targeting black Baltimore homeowners with deceptive lending practices and high-interest loans and ...

How Would You Grade John McCain’s Speech? - Wall Street Journal
John McCain seized the Republican nomination by pledging to rise above Washington’s acrimony as president and strike a new tone by reaching across partisan divides. The pledge, made on the closing night of his party’s convention, was designed to ...

Naples foreclosure rate climbing the charts - Naples Daily News
Using the theory “misery loves company,” the Cape Coral-Fort Myers area is not alone when it comes to home foreclosure notoriety. The Naples-Marco Island area climbed to No. 22 in the nation for foreclosure rates per homes, according to a ...

ServiceLink Launches Version 2.0 of the iClose Platform - PR Newswire
PITTSBURGH, Oct. 15 /PRNewswire-USNewswire/ -- ServiceLink, the national platform of Fidelity National Financial (FNF) offering title, closing, valuation and settlement services technology solutions, today announced the launch of iClose version 2.0 ...

Dee Dee Myers: 'Why Women Should Rule' - NPR News
Dee Dee Myers, author of Why Women Should Rule the World , extols the strengths women bring to leadership roles — and how they make different choices from men. Read an excerpt from the book about women's different perspectives, different priorities ...

a college education, - San Francisco Gate
In the past few weeks, the offers have formed a mountain on my desk, each promising a mortgageable moon, each aiming for a creative slant on the old chestnut "Here's a deal you just can't pass up." Or as Lenox Financial, a controversial "no closing ...

Where House would spend new money - Daily Independent
Published: March 12, 2008 12:33 am Where House would spend new money The House budget committee wants to increase the cigarette tax by 25 cents, refinance debt and spend the money on education and human services.

Dave Says - Nashville City Paper
First of all, you’re not bankrupt. But I’m afraid you will be if don’t makes some changes and fast! If you guys aren’t living off a monthly budget, get busy today and put one into place. Turn off the television tonight, sit down together and ...

Frank Raines - Slate
Mistakes Were Made! Frank Raines--Rhodes scholar, Harvard Law, Lazard Freres, potential future Treasury secretary, etc.--has blotted his copybook at Fannie Mae. (His bio has already ignominiously disappeared from its former spot on Fannie Mae's Web ...

Democrat Bill Foster, Republican Jim Oberweis - Elburn Herald
The special election to complete former U.S. Rep. Dennis Hastert's term in office is Saturday, March 8. Voters will choose between candidates Bill Foster and Jim Oberweis to serve the remaining year of the current 4-year term. Voters will again ...

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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.
  • 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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