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News about Mortgages:
Hard-Hit Families Finally Start Saving, Aggravating Nation's ... - Wall Street JournalHard-Hit Families Finally Start Saving, Aggravating Nation's ...Wall Street Journal - Jan 5, 2009They financed the $175000 home with a 30-year mortgage, at a fixed rate of 5.8%. Their children settled in well: Ellen sings in the school choir at Meridian ...
STOCKS NEWS US-Markets up on Fed move to lower mortgage costs - Reuters UKSTOCKS NEWS US-Markets up on Fed move to lower mortgage costsReuters UK, UK - Dec 31, 2008Major US stock indices rose on Wednesday, after the US Federal Reserve set a goal of buying $500 billion mortgage-backed securities by mid-2009 in a move to ...
Walter Industries, Inc. Announces Closure of Jim Walter Homes - PR Newswire (press release)Walter Industries, Inc. Announces Closure of Jim Walter HomesPR Newswire (press release), NY - Jan 6, 2009As a result of the success of Jim Walter Homes, Jim Walter was able to build a Fortune 500 conglomerate with businesses as diverse as mortgage financing, ...
Hope rises for Central Indiana home sales in 2009 - Indianapolis StarHope rises for Central Indiana home sales in 2009Indianapolis Star, United States - Dec 22, 2008By Jeff Swiatek and Tom Spalding Despite another down month of home sales in Central Indiana, area Realtors and mortgage companies see more than a glimmer ...
How Snohomish County fared in 2008 - HeraldNetHow Snohomish County fared in 2008HeraldNet, WA - Dec 28, 2008Milgard Windows and Meridian Yachts closed their doors. Yet the county's unemployment rate remained below the state and national averages in 2008. ...
Realtists work to help Oklahoma minorities buy homes - NewsOK.comRealtists work to help Oklahoma minorities buy homesNewsOK.com, OK - Dec 26, 2008The Oklahoma City chapter has presented a series of educational events for people in the housing industry, including an FBI agent discussing mortgage fraud. ...
SUITS FILED Circuit Court 1 - Muncie Star PressSUITS FILED Circuit Court 1Muncie Star Press, IN - Dec 22, 2008Laura J. and Rick L. Grider, Dandridge, Tenn., and tenants, 707 N. Meridian, Eaton. Deutsche Bank vs. Lori Speidel, 1707 E. Hamilton, Muncie. ...
Realty Executives Grows into the New Year - RisMedia.com (press release)Realty Executives Grows into the New YearRisMedia.com (press release), CT - Jan 5, 2009Betty Bronnenberg is originally from Meridian, Mississippi and has lived on the Gulf Coast for more than six years. She has been actively involved in the ...
THE LAS VEGAS BUSINESS PRESS PRESENTS THE TOP STORIES OF 2008 - Las Vegas Business PressTHE LAS VEGAS BUSINESS PRESS PRESENTS THE TOP STORIES OF 2008Las Vegas Business Press, NV - Dec 30, 2008The Meridian, the troubled condo-turned-illegal hotel, was among the most visible to face buyer lawsuits. But Trump International Hotel & Tower, ...
The year in business 2008: This one is for the history books - Reading EagleThe year in business 2008: This one is for the history booksReading Eagle, PA - Dec 27, 2008What is certain, however, is that the banking line that extended from Reading Trust Co., Berks County Trust Co., American Bank, Meridian Bancorp Inc., ...
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.
View all Terms