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News about Mortgages:
Chrysler takes its case for a bailout on the road to Maryland - Maryland Daily RecordOne of Chrysler Motors LLC’s top executives is in Maryland this week, pushing to raise public support for the U.S. automotive industry as Chrysler and other top carmakers continue to lobby Congress for a bailout to help them get through a slow year ...
Congress 'not supportive' of automakers' bailout - MSN MoneyCentralPHILADELPHIA (AP) - Pennsylvania Sen. Arlen Specter said Tuesday the mood in Congress "candidly is not supportive" of automakers seeking a bailout package of $25 billion in loans. But the Republican senator also said that the consequences of U.S ...
Russia to Help Venezuela Develop Nuclear Power Program - FOX NewsRussia's President Dmitry Medvedev, right, meets with members of the Bolivarian Alternative alliance known as ALBA, a trade bloc led by Venezuela. CARACAS, Venezuela — Russian President Dmitry Medvedev agreed to help start a nuclear energy program ...
UPI NewsTrack TopNews - United Press InternationalMUMBAI, Nov. 27 (UPI) -- New explosions rocked a pair of Mumbai hotels Thursday as Indian security forces battled to free hostages taken during terrorist attacks, observers said. A loud blast shook the Oberoi Hotel where scores of special Indian ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Clinton (Easton, Pennsylvania) - Chicago TribuneWork began September 4 on the rehabilitation of the PA 61 Bridge over the Schuylkill River in West Brunswick Township, Schuylkill County. The bridge project entails deck patching, a latex overlay of the deck, expansion joint replacements, new ...
The Credit Crunch Squeezes Municipal Bonds - US News and World ReportMunicipal bonds help cities, hospitals, museums, and universities raise cash to build bridges, new dormitories, and wards. They are generally considered some of the safest investments available. But the subprime sludge that has muddied so much of the ...
Obama Outraised Clinton By Two To One In March - US News and World ReportThe AP reports this morning that Sen. Barack Obama "raked in" $40 million last month leaving Sen. Hillary Clinton "and her $20 million in the fundraising dust and stuffing his campaign treasury so he can outspend her in the crucial Pennsylvania ...
Cedar Shopping Centers Issues Development Pipeline Status Report - Yahoo FinancePORT WASHINGTON, N.Y., Sept. 4 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. (NYSE: CDR - News ) today issued a development pipeline status report setting forth, among other things, on a per-project basis, amounts spent to-date, total ...
Latin America feels the heat - Guardian Unlimited"Things are bad but we're doing well." So former Argentine president Carlos Menem liked to say, just before his country plummeted into its worst financial meltdown seven years ago. Latin America's leaders appear to be slow learners. As finance ...
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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