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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.

View all Terms
Washington home equity loans news:
Financial News
GM, Ford, Chrysler Depart From Congress Empty-Handed (Update3) - Bloomberg
Nov. 20 (Bloomberg) -- U.S. lawmakers deadlocked on a plan to bail out the Big Three automakers, leaving General Motors Corp. facing the prospect it could run out of cash before a new Congress can come to the rescue next year. Democratic ...

Pearlstein: Paulson Doesn't Deserve Recent Drubbing - Washington Post
Poor Hank Paulson doesn't deserve the drubbing he's been getting. I'm sure the Treasury secretary had no idea what he was in for when he signed on after the 2006 election, and as my colleague David Cho reported in a pair of splendid articles this ...

Reverse mortgages allow equity to work for you - Bradenton Herald
MANATEE — With the credit crunch, tighter lending standards and the weak economy clobbering the conventional mortgage market, more lenders and brokers are going in reverse — as in reverse mortgages. Long considered a niche product, reverse ...

WaMu to slash 1,600 jobs - CNN Money
NEW YORK (CNN) -- Washington Mutual announced Thursday it will eliminate 1,600 jobs in the San Francisco area, a company spokesman said. Employees will receive their 60-day notice December 1, according to Gary Kishner, a WaMu spokesman. The layoffs ...

Paulson Says Markets to Remain Stressed for `Months' (Update1) - Bloomberg
Nov. 17 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said that while concern about failures of major financial companies has subsided, markets will remain strained for ``months'' to come. ``There will be stress in the capital markets for a ...

Kashkari Says Treasury to Buy Stakes in 20 Banks (Update1) - Bloomberg
Nov. 14 (Bloomberg) -- The U.S. Treasury is about to approve capital injections into 20 more banks, Neel Kashkari , the department's assistant secretary in charge of a $700 billion bank-rescue plan, said today. ``I think we're going to approve ...

ID Thieves Target Home Equity Lines - CNBC
Have you checked your home equity line of credit lately? If not, you probably should. Even if you've never used a home equity line of credit, or HELOC, it's a good idea to check your three credit reports (Equifax, Experian and TransUnion) to make ...

Going Down the Path of Consumer Debt - Again - The Washington Independent.com
At creditslips.org, Bob Lawless raises the most reasonable question I’ve seen so far about Treasury Secretary Henry Paulson’s decision to shift the focus of the government bailout plan to consumers. In an attempt to get credit flowing again ...

'JPMorgan cuts investment banking jobs' - Sify
New York: JPMorgan Chase & Co is cutting 10 per cent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earnings, people familiar with the situation said on Thursday. JPMorgan shares slid as much ...

Guardian Management LLC Signs Agreement to Acquire Atherton-Newport ... - Businesswire.com
PORTLAND, Ore.--( BUSINESS WIRE )--Guardian Management LLC (Guardian), a Pacific Northwest real estate investment and asset management firm specializing in multifamily housing investments, has signed preliminary agreements to acquire the real estate ...

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sources: informars.com, erate.com, Freddie Mac
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