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News about Mortgages:
Managers hold fire as recovery talk grows - Financial NewsManagers hold fire as recovery talk growsFinancial News, UK - 14 hours agoColin McLean, founder and managing director of Edinburgh funds boutique SVM Asset Management, said that most of his company’s funds held close to their ...
'I'm the underdog' - Pueblo ChieftainWall Street Journal'I'm the underdog'Pueblo Chieftain, CO - Oct 4, 2008CHIEFTAIN PHOTO/CHRIS McLEAN -- Republican presidential nominee John McCain talks to the crowd that filled Colorado State University-Pueblo's Massari Arena ...McCain tells supporters, he needs Pueblo to win state Pueblo Chieftainall 82 news articles
House prices in Wales falling more slowly - WalesOnlineHouse prices in Wales falling more slowlyWalesOnline, United Kingdom - Sep 27, 2008Cathy McLean, director of the Royal Institution of Chartered Surveyors (RICS) in Wales said: “If the rates are falling slower, or at a lesser level, ...
Lender bailout adds stability, Realtors say - BurlingtonFreePress.comLender bailout adds stability, Realtors sayBurlingtonFreePress.com, VT - Sep 12, 2008By Dan McLean • Free Press Staff Writer • September 12, 2008 Realtors and bankers throughout the region applauded the federal government’s decision to seize ...
Drop in Rates For Mortgages Gets Attention - Washington PostDrop in Rates For Mortgages Gets AttentionWashington Post, United States - Sep 11, 2008At First Savings Mortgage in McLean on Monday, one loan officer had to turn away all but three of the 75 customers who wanted to refinance, said Larry Pratt ...
Alt-A Mortgages Next Risk for Housing Market as Defaults Surge - BloombergAlt-A Mortgages Next Risk for Housing Market as Defaults SurgeBloomberg - Sep 12, 2008Alt-A holdings at McLean, Virginia-based Freddie Mac were $190 billion, or 10 percent of its mortgages, in the second quarter, according to the company's ...
BUYINS.NET: HLD, FRE, GRT, ICA, LNN, CAMT Have Been Added To Naked ... - Trading Markets (press release)BUYINS.NET: HLD, FRE, GRT, ICA, LNN, CAMT Have Been Added To Naked ...Trading Markets (press release), CA - Sep 18, 2008The company was founded in 1970 and is headquartered in McLean, Virginia. With 647.02 million shares outstanding and 158.46 million shares declared short as ...
Stocks remain down, Bush confident in bailout bill - News 8 AustinStocks remain down, Bush confident in bailout billNews 8 Austin, TX - Sep 29, 2008Wachovia's current problems stem largely from its acquisition of mortgage lender Golden West Financial Corporation in 2006 at the height of the housing boom ...
Business news in brief - Philadelphia InquirerBusiness news in briefPhiladelphia Inquirer, PA - Sep 27, 2008Inquirer staff Three top executives are departing mortgage finance company Freddie Mac, which was seized by the government nearly three weeks ago. ...
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