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News about Mortgages:
Kashkari: Treasury considering mortgage rate plan - Buffalo NewsThe head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the proposal being ...
Bernanke wants more action to curb foreclosures - Buffalo NewsAP Economics Writer Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down ...
Krolicki's rise hits its first big bump - Reno GazetteFor Lt. Gov. Brian Krolicki, it's been a slow and quiet climb up the ranks of the Nevada Republican Party. As a down-ticket office holder -- not many can name the state treasurer or even lieutenant governor -- for most of his political career ...
Big three are back for cash - Mining JournalWASHINGTON (AP) - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans today to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General ...
Seeking $25 billion in loans, Big Three automakers to send detailed ... - Minneapolis Star TribuneBig Three automakers to submit plans to Congress Mayor: Auto companies can't be allowed to collapse Governors press for stimulus bill by Inauguration Rep. Lowey not interested in Clinton's Senate seat Autoworker chief pleads for government aid ...
Big 3 Automakers Face Bailout Deadline - News 4Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors Corp ...
Big Three Take Second Shot At Bailout Bid - CBS News(CBS/AP) Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors ...
Bernanke Says U.S. Must Step Up Foreclosure Efforts (Update2) - BloombergDec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on its own. The Fed chief outlined four ...
Chrysler exec says bankruptcy not an option for Big 3 - Rocky Mountain News BlogsBankruptcy isn't an option for the Big 3 domestic automakers and a carmaker collapse could send the economy spiraling into a depression. Jim Press , Chrysler's vice chairman, said the U.S. automakers were "down to months left," as industry officials ...
Hotels keep door shut to big rate cuts - Financial TimesUS travellers hoping that the global financial crisis would herald bargain Thanksgiving weekend hotel deals have been finding them hard to come by. However grim the outlook for the hospitality industry, the world's leading hotel groups say they will ...
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.
View all Terms