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News about Mortgages:
A million here, a billion there. . . still real money - Pueblo ChieftainA million here, a billion there. . . still real moneyPueblo Chieftain, CO - Oct 11, 2008For example, the Pueblo City Schools mill levy increase, ballot Question 3A, is filled with math problems. If we're at 39.152 mills now and we vote to add ...
Pueblo panelists: Recession will hurt - Pueblo ChieftainPueblo panelists: Recession will hurtPueblo Chieftain, CO - Oct 9, 2008With the drastic drop in the stock market, the $700 billion bailout plan and the housing and mortgage crisis, the panel members agreed that the country is ...
McCain Celebrates Sarah and Slams Obama in Colo. - Washington PostWashington PostMcCain Celebrates Sarah and Slams Obama in Colo.Washington Post, United States - Oct 3, 2008Republican presidential nominee John McCain addresses supporters at a town hall meeting Oct. 3, 2008, in Pueblo, Colo. (John Moore/Getty Images) By Michael ...McCain tells supporters, he needs Pueblo to win state Pueblo Chieftain'I'm the underdog' Pueblo Chieftainall 37 news articles
What crisis? - Pueblo ChieftainWhat crisis?Pueblo Chieftain, CO - Oct 6, 2008Pueblo bankers said today's mortgage-related finance problems stem from a flood of foreclosures on home loans that used poor lending practices such as ...
The credit crunch: Loans out of reach - CNNMoney.comThe credit crunch: Loans out of reachCNNMoney.com - Sep 25, 2008But he said that his bank, which traces its roots back to 1899, can continue to lend freely because they didn't get caught up in the subprime mortgage ...
Turning to the church - Denver PostTurning to the churchDenver Post, CO - Sep 27, 2008In Pueblo in 2007, the diocese paid out $450000 for rent, mortgage payments and utility assistance. "It's all homelessness prevention," Mazur said. ...
Economic turmoil shifts campaign - Kentucky.comEconomic turmoil shifts campaignKentucky.com, KY - Oct 5, 2008Pueblo is traditionally a Democratic town, though conservative Democrat. McCain is looking for those disenchanted independents, he's looking for those ...
Securities analyst poised to help rebuild market - Rocky Mountain NewsSecurities analyst poised to help rebuild marketRocky Mountain News, CO - Sep 25, 2008Allon was raised in Pueblo. After graduating from Colorado College in 1981 with a degree in economics - "I wanted to be on the President's Council of ...
Massey counts on experience to earn third term in Denver - Mountain Mail NewspaperMassey counts on experience to earn third term in DenverMountain Mail Newspaper, CO - Oct 7, 2008Massey said he has worked with the state Attorney General to increase consumer protection regarding mortgage broker regulations. "Prior to two years ago we ...
City says investments safe: Finance director says no money is on ... - TMCnetCity says investments safe: Finance director says no money is on ...TMCnet - Oct 1, 2008(Pueblo Chieftain, The (CO) Via Acquire Media NewsEdge) Oct. 1--With Wall Street twice crashing in dramatic fashion in the past two weeks, city officials ...

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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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