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News about Mortgages:
Bond tried to oust regulator during Fannie Mae probe - Jefferson County JournalBond tried to oust regulator during Fannie Mae probeJefferson County Journal, MO - Oct 5, 2008(Clay, who sits on the House Financial Services Committee, received about $10000 from Fannie and Freddie's employees and PACs.) But Bond went further, ...Brent Batten: Tracking the blame in financial meltdown Naples Daily Newsall 88 news articles
Democrats Blocked Mortgage Regulations - Evening BulletinWall Street JournalDemocrats Blocked Mortgage RegulationsEvening Bulletin, PA - Oct 1, 2008Lacy Clay, D-Mo., insinuated racism was behind the scrutiny then being leveled against Mr. Raines, who is black. "This hearing is about the political ...GORDON NELSON: Former Fresnan ran Fannie Mae right Fresno Bee (subscription)Googling the GREs National Review Online Blogsall 612 news articles
The Story of Freddie and Fannie - Intellectual ConservativeWashington TimesThe Story of Freddie and FannieIntellectual Conservative, AZ - Oct 4, 2008Lacy Clay, Democrat of Missouri, followed suit by shifting the burden saying, This hearing is about the political lynching of Franklin Raines. ...The truth about the meltdown Augusta ChronicleCJ's "liberal agenda" misleads Louisville Courier-JournalGOP early on call for mortgage reform Rockford Register Starall 216 news articles
US Treasury pledges to stabilize market quickly - AXcess NewsAXcess NewsUS Treasury pledges to stabilize market quicklyAXcess News, NV - 5 minutes ago... Secretary of the Treasury for International Economics and Development will be delegated to Assistant Secretary for International Affairs Clay Lowery. ...
Opinion: Congressional Black Caucus Flexes Muscle on Bailout Vote - DigitalJournal.comOpinion: Congressional Black Caucus Flexes Muscle on Bailout VoteDigitalJournal.com, Canada - Oct 1, 2008As the Senate gears up to vote today on a new version of the mortgage bailout legislation, House Speaker Nancy Pelosi has her work cut out for her in ...
Clay Aiken Comes Out of the Closest and Bumps Sarah Palin from ... - MarketWatchClay Aiken Comes Out of the Closest and Bumps Sarah Palin from ...MarketWatch - Sep 25, 2008And while Congress continues to discuss the Bush Administration's $700 billion financial bailout plan to purchase bad mortgage debt and other securities ...
UK Banks Seek Government Funding Plan to Help Restart Lending - BloombergUK Banks Seek Government Funding Plan to Help Restart LendingBloomberg - Sep 27, 2008FSA spokeswoman Kirsty Clay declined to confirm or deny reports about the plan. She also refused to comment on Bradford & Bingley, citing the regulator's ...
Smith's record in Congress defies labels, sometimes logic - The Oregonian - OregonLive.comSmith's record in Congress defies labels, sometimes logicThe Oregonian - OregonLive.com, OR - Oct 4, 2008"That's true from Henry Clay to Hillary Clinton, they've all had that same problem in that you can't really duck hot-button issues. ...
Rescue Plan’s Legislative Saga Ends, But Not Without Questions - CQPolitics.comRescue Plan’s Legislative Saga Ends, But Not Without QuestionsCQPolitics.com, DC - Oct 3, 2008“My calls are still running ‘no,’ so I am going to follow the views of my constituents,” said William Lacy Clay , D-Md. “They don’t think it’s right. ...
Wachovia Limits Access to $9.3 Billion Fund for 900 Colleges - BloombergWachovia Limits Access to $9.3 Billion Fund for 900 CollegesBloomberg - Oct 1, 2008Colleges and universities use the fund like a money-market account, gaining quick access to their investments, said David Clay, treasurer of Grinnell ...

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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.
Buyers 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 |