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Warsaw School Board okays bonds to replace roof - Daily Gate City
WARSAW, Ill. - The Warsaw School District can move forward to replace the roof on its 1957 building with the school board's approval Thursday of issuing general obligation bonds. The district is borrowing $370,000 in new money for the life/safety ...

For local buyers, mortgage harder to get as banks require more - Pantagraph
“On the other side of that, I don’t know if we can give them a loan,” Maschhoff said. Borrowers who want to get a new home mortgage, refinance a home loan or open up a home equity line of credit are up against some challenges in today’s ...

Powder at Social Security office was food substance - Pantagraph
Seventeen employees and about 10 clients were evacuated about 2:30 p.m. from the building at 207 N. Williamsburg Drive. Bloomington firefighters, including their hazardous-materials response team, police, the FBI and the Department of Homeland ...

Commercial real estate feels pinch - Minneapolis Star Tribune
Yes, the commercial mortgage sector is feeling some of the fallout from the tighter credit markets. And, as you noted, the delinquencies … read more on commercial mortgages, while up, are still low by historical standards. So what do I mean by too ...

Commercial real estate feels pinch: Concerns mount for income ... - TradingMarkets.com
The commercial real estate market in the metropolitan area and across the county has been feeling the effects of the subprime housing lending meltdown for more than year, with tight credit slowing what had been a brisk market in income-producing ...

Five Star Quality Care, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good day everyone and welcome to the Five Star Quality Care third quarter 2008 earnings results conference call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to the ...

Cypress Semiconductor Corp. Q3 2008 Earnings Conference Call ... - Seekingalpha.com
Good morning and welcome to Cypress Semiconductor Third Quarter Earnings Release Conference Call. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Your lines have been placed on a listen-only mode ...

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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.

    View all Terms
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