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Closed-End Funds Feeling the Stress - Wall Street JournalMariana Bush nearly quit her job as a closed-end fund analyst in 1994. Back then, short-term and long-term interest rates were rising and investors were feeling the effects of leverage gone bad, said Ms. Bush of Wachovia Securities, a unit of ...
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 ...
Home Foreclosure: Here's One Man's Story - CNBCIn Washington, they're talking about housing from 30,000 feet . Here in West Sacramento California, I'm seeing it from sea level. In a beautiful development where houses came on the market in 2004 for $700,000, I'm looking at a foreclosed house on ...
Hammers and City takeovers went wrong, says deal-maker - Guardian UnlimitedFormer Prime Minister Thaksin Shinawatra of Thailand sold Manchester City after 14 months at the helm. Photograph: David Longstreath/AP Keith Harris, the chairman of the merchant bank Seymour Pierce and a former Football League chairman, is the prime ...
Lake Barrington man led massive swindle, feds say - Arlington Heights Daily HeraldFederal authorities Wednesday took over the case against a Lake Barrington Shores man accused of scamming the elderly and the unsuspecting out of their homes and property. In the process, the feds added numerous accusations against Charles H. Landwer ...
Motor Coach Industries Granted Final Approval from Court to Continue ... - PR Inside- MWW Group: Mr. Rich Tauberman, 202-585-2282 rtauberman@mww.com or Ms. Susan Kenney, 201-964-2392 skenney@mww.com Motor Coach Industries ("MCI" or the "Company") today announced the final approval of all of its "first day motions" by the United ...
Congress, Bush team agree on some terms of bailout - Denton Record-ChronicleWASHINGTON – Congress moved closer Monday to authorizing a $700 billion bailout of banks and other institutions crippled by bad housing investments, but sought to impose limits on executive compensation at rescued companies and wider relief for ...
Could the Great Depression happen again? - Arlington Heights Daily HeraldGather top local economists together and ask them one question: Are we heading for another Great Depression? And their views are as diverse as the city and suburbs. Yes. No. Possibly. They do agree that our country is in one of its worst economic ...
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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