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November 2008 - Weblogs.baltimoresun.comHis Eminence James Francis Cardinal Stafford criticized President-elect Barack Obama as “aggressive, disruptive and apocalyptic,“ and said he campaigned on an “extremist anti-life platform,” Thursday night in Keane Auditorium during his ...
Homebuilders, broker indicted for not developing Upper Marlboro lots - GazettePrince George's County State's Attorney Glenn F. Ivey announces Thursday the indictments of Leon and Emma Coleman of District Heights and Kathy Ridley of Ellicott City in the theft of more than $1 million as part of a fraudulent housing development ...
Altria Group buying UST for about $10.3B - Philadelphia InquirerNEW YORK - After failing to grab much consumer attention for its own smokeless tobacco products, Altria Group said Monday it would buy the maker of Skoal and Copenhagen for about $10.3 billion. Altria's acquisition of UST will give it a strong ...
Leaders seek answers to mortgage crisis - SentinelSen, Barbara Mikulski (D-Md.) held a special panel discussion in Prince George's County last Thursday to get an understanding of how big of a problem the housing bust is. "I'm trying to figure out what I should be doing," she said as she sat around ...
Foreclosure forum aims to help struggling homeowners - Maryland Daily RecordLANDOVER — For the past few months, 44-year-old Ninotchka Jones of Upper Marlboro has not been able to pay her mortgage on time, and a few days ago, she received a foreclosure notice. Jones, an owner of a small catering company, said business has ...
Altria says lenders want UST deal pushed into 2009 - Guardian UnlimitedCHICAGO, Oct 3 (Reuters) - Altria Group Inc said on Friday it may hold off on closing its $10.4 billion purchase of UST Inc until early January because its lenders advised that it would be better to close the deal in 2009. The lenders' request ...
Stocks mostly advance on plan for mortgage giants - ForbesStocks mostly advanced Monday as investors put down bets that a recovery in the financial and housing sectors is in the offing following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials ...
Stocks surge on plan for mortgage giants - ForbesStocks surged Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government will bail out mortgage giants Fannie Mae and Freddie Mac. The major indexes jumped, with the Dow Jones ...
Dow jumps more than 300 points in opening minutes - The Washington TimesNEW YORK (AP) - Stock prices soared in the opening minutes today after a weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. The Dow Jones industrial average is up 343.03 to 11,563.99. The ...
Stocks mostly higher following government bailout of Fannie Mae ... - Grand Forks HeraldJames Valentino of Citigroup Global Markets monitors trading at the post where Fannie Mae is being traded on the floor of the New York Stock Exchange, Monday, Sept. 8, 2008 in New York. Stocks surged as investors rushed to lay bets on a broad ...
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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