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News about Mortgages:
You can still refinance loans - KTRKHOUSTON (KTRK) -- By now you have probably heard how hard it is to get a loan and how awful the credit market is, but there is one segment of the lending industry that is alive and well and it could help save you money. So much of the financial ...
City of Houston to ask Wall Street for help with troubled financial ... - KHOUHOUSTON – For the last five years, Houston’s downtown Hilton Americas has been the host for top corporate leaders, convention guests and even stars who performed nearby. But the city-owned hotel has turned into a costly problem for taxpayers ...
Local groups step up efforts to prevent foreclosures - Daily HeraldIf you're going to have difficulties making your mortgage payment because you've just lost your job, suffered a major illness or lost an income-generating spouse, don't wait until you're several months delinquent before taking any action. There is ...
US foreclosure filings up 71 percent in 3Q - Houston ChronicleWASHINGTON — The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly 766,000 homes ...
General Growth Properties could face bankruptcy - Houston Business JournalGeneral Growth Properties Inc., the owner of five shopping malls in the Houston area, reported in a regulatory filing Tuesday that it faces potential bankruptcy if it’s unable to refinance its debt. The Chicago-based company, which also owns a 50 ...
Bumpy ride almost over at Landry's? - Houston ChronicleInAugust 2007, Landry’s Restaurants opened the Boardwalk Bullet, a wooden roller coaster in Kemah. Investors have been getting wounded ever since. The new ride served as an omen to Landry’s investors, coming the same month that Landry’s settled ...
Earnings roundup: General Growth, Radian - CNBCCHICAGO (AP) — Shares of troubled mall owner General Growth Properties Inc. plunged Wednesday after the company reported disappointing third-quarter results, cut its year-end forecast and said it needs to refinance $900 million in debt by the start ...
Municipal bond glut saps value - Detroit NewsMunicipal bond glut saps value Michigan, Houston and Trinity Health are part of $1.8B in new bonds put on the market. Jeremy R. Cooke / Bloomberg News U.S. state and local government bonds fell the most in almost two weeks as more than $1.8 billion ...
Owner Of 5 Houston Malls May Go Bankrupt - Click2Houston.comHOUSTON -- A company that owns five Houston area malls said Wednesday that it may have to file for bankruptcy, KPRC Local 2 reported. That concerns some folks who shop at those malls. Margo Eisenberg has lived in northwest Harris County since 1981 ...
Hulen Mall management company could seek bankruptcy protection - Fort Worth Business PressShopping mall management company General Growth Properties Inc., which operates properties in Arlington and Fort Worth, said the weak credit market and overall economic slowdown may prompt it to search for the cash necessary to stay afloat in a ...
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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