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News about Mortgages:
Coast banks: 'We are lending' - SunHerald.comCoast banks: 'We are lending'SunHerald.com, MS - 9 hours agoDan Zoble, mortgage division manager at Hancock, said the bank's borrowers haven't voiced concern over their ability to qualify for mortgage loans. ...
Housing-related costs outpace incomes, study shows - Los Angeles TimesHousing-related costs outpace incomes, study showsLos Angeles Times, CA - 7 hours agoIn the Greater LA region -- in Santa Barbara, Ventura, the South Bay, the Westside, Hancock Park and the San Fernando Valley -- reductions may be greater, ...
Fund Times: Masters' Select Fires Legg Mason, Hires Oakmark - Morningstar.comFund Times: Masters' Select Fires Legg Mason, Hires OakmarkMorningstar.com, IL - Oct 9, 2008John Hancock is seeking shareholder approval to bring Robeco Boston Partners Large Cap Value under its mutual fund umbrella and rebranding it as John ...
Thaw in credit may begin next week - Boston GlobeBoston GlobeThaw in credit may begin next weekBoston Globe, United States - Oct 3, 2008Hancock is the eighth-largest holder of mortgage-backed securities and related holdings among insurers, according to Thomson Reuters. ...
Financial crisis brings global cooperation as everyone scrambles - Baltimore SunFinancial crisis brings global cooperation as everyone scramblesBaltimore Sun, United States - Oct 9, 2008By Jay Hancock Economic turmoil and yesterday's unprecedented international interest-rate reductions provide the harshest reminder yet that political ...
Iowa AG: ‘I told you so’ - Iowa IndependentIowa AG: ‘I told you so’Iowa Independent, IA - Oct 10, 2008By Jason Hancock 10/10/08 3:28 PM In a week that has seen financial markets tumble to their lowest level in years, BusinessWeek magazine puts the spotlight ...
Good Samaritan's dilemma - Biloxi Sun HeraldGood Samaritan's dilemmaBiloxi Sun Herald, USA - Oct 9, 2008I am calling because Hancock County says mosquito spraying has soared skyward. At least Hancock County is getting the mosquito spraying. ...
Industry Snapshot - Investor's Business Daily (subscription)Industry SnapshotInvestor's Business Daily (subscription) - Oct 10, 2008The better-performing banks he cites include UMB Financial, (UMBF) Hancock Holdings, (HBHC) Signature Bank (SBNY) and Pinnacle Financial. ...
Farm group wants entire 1pc rate cut passed on - ABC OnlineFarm group wants entire 1pc rate cut passed onABC Online, Australia - Oct 7, 2008Wide Bay Australia's Ron Hancock says he will wait to see how much of the cut the big banks pass on before deciding if it cuts interest rates. ...
Hegenbart of NorthMarq Capital arranges $20 million for FFMS ... - New England Real Estate Journal OnlineHegenbart of NorthMarq Capital arranges $20 million for FFMS ...New England Real Estate Journal Online, MA - Oct 9, 2008Lincoln, MA Joseph Hegenbart, managing director of NorthMarq's Boston regional office, arranged mortgage financing of $20 million for Lincoln North, ...

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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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