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News about Mortgages:
Affordable Housing in Massachusetts Gets $10.2 Million Infusion - EarthtimesBOSTON , Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities. Of that ...
Business past, business present? - Monroe Evening News- Evening News photo by KIM BRENT Headlines of today's state of affairs are reminiscent of those some 70 years ago. One area business, Martin's Shoe House in Monroe, has weathered the times and seen its share of history. Greg Martin (left) and his ...
Barney Frank to address Boston business group - Boston GlobeA Massachusetts congressman who has played a crucial role in the government’s response to the financial crisis is speaking today in Boston. US Representative Barney Frank, the Newton Democrat who chairs the House Financial Services Committee and ...
Is help on the way? - Boston GlobeAs the government spends billions to prop up troubled financial firms, Joyce Hodge doesn't understand why she can't get help to shave $400 off her monthly mortgage to avoid foreclosure. The Roxbury mother of four has been calling her servicer for ...
CB Richard, Legg Mason, Liz Claiborne, Tyco: U.S. Equity Movers - BloombergNov. 11 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. Life insurers retreated after Goldman Sachs Group Inc. reduced its rating on ...
Mortages, Bailout and the FDIC - Newton Daily NewsAfter bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time. After all, it was failing mortgages that fueled this fall ...
Mortgage door open: Opportunity knocks for some - Honolulu Star-BulletinMortgage rates these days are going up and down as the Bush administration's proposed $700 billion bailout plan to shore up troubled financial institutions and markets lumbers through Congress. While rate decreases have accelerated over the past two ...
HOUSING: County prices fell faster in September, dashing recovery ... - North County TimesA closely watched report released Tuesday showed declines in local home prices accelerated in September, dashing hopes that the housing market was recovering amid booming sales in recent months. In September, the number of houses sold in North County ...
Debt looms for Fortress - Steamboat Pilot & TodaySteamboat Springs — Nine months after outgoing Intrawest chief Alex Wasilov said Fortress Investment Group was prepared to infuse Steamboat Ski Area’s parent company with large amounts of capital, Intrawest faces an Oct. 23 repayment deadline on ...
Peak Oil, Cars, and Depressions - Seekingalpha.comAs the global economy heads into terra incognita and the stock market tries to prove it has seen the worst my thoughts, for whatever they are worth, are: 1. Some economic observers such as John Thain , the CEO of Merrill Lynch, and JC Penney’s CEO ...
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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