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Credit Crunch Video Gallery - CNBCCalifornia Governor Arnold Schwarzenegger said the state may soon run out of money if the credit lines don't start movin... After months of bad news about the housing and mortgage markets, investors began seeing some signs of progress. Standard ...
TIF plan, financing package approved - Norman TranscriptNorman city councilmembers split their vote 8-1 on the fourth development agreement on the University North Park Tax Increment Financing District at their regular meeting Tuesday. And they approved by the same 8-1 vote a $29.1 million financing ...
Bush Stands By Petraeus; New Showdowns With Hill Loom - US News and World ReportIn remarks at the White House yesterday morning, President Bush said he would give Gen. David Petraeus "all the time he needs" in Iraq before proceeding with further reductions in US troop levels. Bush also said, as the CBS Evening News reported ...
Tackling angst over housing - Herald NewsPATERSON — Roughly a dozen people visited an all-day "foreclosure fair" Saturday in a last-ditch effort to save their homes. First question: For how many months have you missed your mortgage payment? If the answer was four or more, it was a lost ...
Macquarie rebounds from massive fall - Brisbane TimesMacquarie Group shares came roaring back from the abyss this morning, jumping almost one-third in value, after their worst ever performance the previous day. Debate continues to rage about the long-term viability of its investment banking model. Huge ...
Loans came easily, then fell apart - Milwaukee Journal SentinelWhile earning a salary of $21,000 a year, Leesa Robinson landed on top of the real estate world in 2006, overseeing nearly $1 million in property. The 45-year-old single mom started buying houses after watching late-night infomercials and their tales ...
How has the financial crisis affected you? - Rocky Mountain News BlogsFinancial markets remain queasy amid the crisis in investments banks. Investors initially appeared somewhat relieved and even did some moderate buying of stocks after the Federal Reserve and other major central banks acted in concert to inject as ...
Dropping Anchor: Bank's stock plummets, but officials optimistic about ... - Wisconsin State JournalMadison's largest home-grown bank is smarting. Stung by a series of problem loans -- including $48 million in a bankrupt downtown Milwaukee condo project -- AnchorBank has seen its stock price plummet and its balance sheet deteriorate. Shares of ...
The War and the Recession - Common DreamsWith the release of the February jobs numbers, everyone except for the economists now acknowledges we are in a recession. The economy is shedding jobs at a rapid pace and it is only a matter of time until we see the unemployment rate rising. In ...
What should Bush have done - Meganmcardle.theatlantic.comThere are a whole lot of Democrats in the comments to this post who know that Bush could have and should have stopped this bubble. They don't know what he could have done, exactly; they're not tricksy bankers. But they've read, like, one and a half ...

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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.
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