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News about Mortgages:
Borrowers look for a 'taste of the bailout pie' - MSNBCWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie ... - Washington PostWould-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...
Q&A: The Bailout and Your Bottom Line - CNBCAfter a day like Monday – stocks down triple-digits, oil up 15% - it’s easy to want to give up on this market, this economy. But you’ve got to stay focused because if the last 10 days have taught us anything, it’s how important it is to pay ...
Foreclosure Video Gallery - CNBCThe government is considering a plan that would help around 3M homeowners avoid foreclosure, with Bruce Marks, Neighborh... Realty Check: Foreclosure R... Foreclosure filings in September have dropped but probably due to changes in state laws ...
Pier 39's management dismisses Joe Abuzaid as a wingnut, but this ... - San Francisco WeeklyRuiz had indeed gone looking for help in the community, inquiring at a local travel agency about someone who could lend her money or help refinance her mortgage. There, she was told about a real estate agent who was known to help fellow Latinos, "an ...
BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain NewsDemocratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...
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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