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Higher Unemployment Will Continue To Strain Prime Borrowers - CNNMoney.comHigher Unemployment Will Continue To Strain Prime BorrowersCNNMoney.com - 4 hours agoNEW YORK -(Dow Jones)- Mortgage lenders, credit card issuers and auto lenders are waiting anxiously to see new data on unemployment due out on Friday. ...
Stocks fall sharply on consumer spending worries - BusinessWeekMiamiHerald.comStocks fall sharply on consumer spending worriesBusinessWeek - 7 hours agoInvestors have been skittish in recent weeks that financial firms will continue to post big losses following the mortgage bust. Wall Street is also awaiting ...Stock futures point lower ahead of economic data The Associated PressDow drops nearly 680 on consumer spending worries guardian.co.ukGlobal manufacturing decline puts Wall Street into reverse National Business ReviewForbes - Jackson Clarion Ledger
all 1,231 news articles
Freddie $1 Billion 5-Year Reopening Sold To Yield 2.861% - EasyBourse.comStraits TimesFreddie $1 Billion 5-Year Reopening Sold To Yield 2.861%EasyBourse.com, France - 6 hours agoHelping to bring down the cost is last week's announcement from the Federal Reserve that it would buy up to $500 billion of mortgage bonds guaranteed by ...Treasurys Volatile as Stocks Sag Wall Street JournalStocks Finish Mixed BusinessWeekTech Leads the Rally: Reason to Give Thanks, Or Dead-Turkey Bounce? Seeking AlphaBoston Globe - Reuters
all 2,147 news articles
Cash is in demand - Atlanta Journal ConstitutionCash is in demandAtlanta Journal Constitution, USA - 6 hours agoThere are a number of ways to come up with a down payment, said Kim Jones, a home mortgage consultant with Wells Fargo Home Mortgage. ...Swoon is good news for some Sarasota Herald-Tribuneall 2 news articles
Global Markets Week in Review: Equities, Bonds, Currencies ... - Seeking AlphaBoston GlobeGlobal Markets Week in Review: Equities, Bonds, Currencies ...Seeking Alpha, NY - Nov 30, 2008The homebuilding group (+59%) was the second-best performer on the prospect that the US government’s latest rescue package will result in lower mortgage ...Stocks end short session with 5th straight gain The Associated PressTHE TRADER Barron'sStocks continue gains in light trading on Wall Street Los Angeles TimesistockAnalyst.com (press release) - CNNMoney.com
all 1,642 news articles
Departing US Atty Garcia: Keep Focus On White-Collar Crime - CNNMoney.comDeparting US Atty Garcia: Keep Focus On White-Collar CrimeCNNMoney.com - 2 hours agoNEW YORK -(Dow Jones)- Probes into possible white-collar crime stemming from the US financial crisis will likely be a major focus for the next US Attorney ...
PG Mortgage Fraud Unit Targets Lawyers, Loan Officers - Southern Maryland OnlinePG Mortgage Fraud Unit Targets Lawyers, Loan OfficersSouthern Maryland Online, MD - 18 hours ago... lawyers and brokerages thought to have participated in mortgage scams. Sgt. Ted Jones, a former investigator with the county's homicide division, ...
UPDATE: Investors Sue Countrywide Over Modification Plans - CNNMoney.comUPDATE: Investors Sue Countrywide Over Modification PlansCNNMoney.com - 2 hours agoBy Chad Bray NEW YORK -(Dow Jones)- Two investors in mortgage-backed securities sued Bank of America Corp.'s (BAC) Countrywide Financial Corp. on Monday ...
Treasurys rally on economic weakness - CNNMoney.comTreasurys rally on economic weaknessCNNMoney.com - 45 minutes agoIn this case, convexity buying occurs when holders of mortgage-backed securities purchase long-term Treasurys to raise the average duration of their ...
Stocks fall steeply as gloomy global data piles up - MarketWatchStocks fall steeply as gloomy global data piles upMarketWatch - 2 hours agoEnergy stocks are weighing on the broad market, even as the Dow Jones Industrial Average retreats nearly 4%. Crude prices are also falling back after OPEC ...

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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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