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News about Mortgages:
Investment Sales - New York ObserverMacklowe Properties Chairman Billy Macklowe. Hot damn! The Real Deal is reporting that Deutsche Bank is suing Macklowe Properties "to foreclose on $482 million in principal loaned to develop the Drake Hotel site at Park Avenue and 56th Street ...
Bill could help homeowners - Hampton Roads Daily PressAs the number of home foreclosures nationwide has skyrocketed, so has the prevalence of parasites who attempt to scam desperate people out of their homes or their money. The con artists have emerged in Virginia and Hampton Roads , so Del. G. Glenn ...
INDUSTRY NEWS & PEOPLE July 2007 - Business Travel ExecutiveThe Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...
Where House would spend new money - Daily IndependentPublished: March 12, 2008 12:33 am Where House would spend new money The House budget committee wants to increase the cigarette tax by 25 cents, refinance debt and spend the money on education and human services.
In Fed we trust, but can it get us out of this mess? - WZZM 13WASHINGTON - The Federal Reserve is taking unprecedented steps as it battles a full-blown financial crisis: invoking rarely used legal authority to lend directly to investment banks, helping finance the bargain-basement sale of Bear Stearns to ...

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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.
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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