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Financial Crisis Is Absent From Agendas of Parties, Candidates - BloombergAug. 27 (Bloomberg) -- The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain . While both ...
U.S. MBA’s Mortgage Applications Index Rose 0.5% Last Week - Daily Business Reviewortgage applications in the U.S. rose last week from the lowest level in more than seven years, helped by an increase in purchases. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan gained 0.5 percent from the ...
Pussyfooting around the crisis - The AgeThe United States is facing the worst financial crisis since the Depression, but you would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain. While both candidates ...
August 2008 - ABC News BlogsABC News' Alice Gomstyn reports: Americans struggling with high gas prices, take heart: Diddy “feels you.” The rap megastar is keeping his private jet grounded and flying commercial – American Airlines, to be exact – because “gas prices are ...
Dry up those tears... Real estate recovery will happen - Fallbrook Bonsal Village NewsForest Rhodes photo. Tears shed over Fallbrook real estate values may be likened to a breathtakingly beautiful, greatly admired actress with one giant, sparkling-clear crocodile tear slowly trailing its way down her flawless face. In other words, as ...
Lantigua, others seek six-month moratorium on foreclosures - Eagle-TribuneBOSTON — With more homeowners falling behind on mortgage payments, Rep. William Lantigua, D-Lawrence, and a group of lawmakers are proposing a six-month moratorium on foreclosures. The proposed moratorium is among three bills unveiled yesterday ...
Foreclosures on rise in N.H., nationally - Portsmouth HeraldThe number of home foreclosures in Rockingham County are increasing, following the national trend. In the county, the number of foreclosures in September were 33, compared to 19 in September a year ago, according to information released by Real Data ...
Saving the ranch: As foreclosures mount, help may be on the way - if ... - Eagle-TribuneYou're not alone. That's the message from federal, state and local government agencies, as well as some area nonprofits, to homeowners facing the loss of their homes due to bank foreclosure. Furthermore, say state and federal regulators, a host of ...
Brazil's Orkut rule - Salon"Stunning," "staggering," "horrendous" -- you don't have to look beyond the first sentence of press reports detailing General Motors' $15.5 billion second-quarter loss to get a sense of how bad the carnage was. Everything that could go wrong did go ...
Top National News Right Now - WBAY Green BayWASHINGTON (AP) - The Senate has overwhelmingly approved a bill aimed at helping thousands of struggling homeowners fight off foreclosure. The measure passed 72-13 during a rare weekend session. It's being called the most significant housing ...

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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.
Buyers 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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