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News about Mortgages:
BSkyB to raise $600 million in bond issue - Buffalo NewsSatellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will ...
UK plumbing supplies firm Wolseley cuts 2,000 jobs - Buffalo NewsWolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs across Europe and ...
There's Gold In Them Thar Hills! (And I'm Digging For It) - CNBCToday, I'm a gold digger. Literally. I'm in gold country reporting on the "second gold rush." Would-be gazillionaires began descending on the mother lode country this year as gold prices rocketed. Geologists say 80-90 percent of the gold is still in ...
Ecuador auditor says debt irregular, urges default - Buffalo NewsThe official overseeing an audit of Ecuador's foreign debt said his committee has found irregularities tied to almost all of the country's bonds and will recommend that it default on its $10.3 billion in debt. After a yearlong investigation, auditors ...
Gov't considers changes to mortgage program - Buffalo NewsThe government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday. The program, included in a housing bill passed ...
Countdown: Final 48 hours - Charleston Post & CourierCOLUMBUS, Ohio — Barack Obama and John McCain uncorked massive get-out-the-vote operations in more than a dozen battleground states Sunday, millions of telephone calls, mailings and door-knockings in a frenzied, fitting climax to a record ...
The Communist Manifesto Turns 160 - Common DreamsThis year marks the 160th anniversary of The Communist Manifesto and capitalism-- a k a "free enterprise"--seems willing to observe the occasion by dropping dead. On Monday night, some pundits were warning that the ATMs might run dry and hinting ...
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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