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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

Gulf mortgage rates news:

Business Minute: Stocks drop, oil little changed, GM recall - Idaho8.com
NEW YORK (AP) - Stock prices were lower in light, pre-holiday trading. The Dow fell 171 points, while the S&P dropped more than 17 and the Nasdaq was down 44 points. NEW YORK (AP) - Despite the worry about Gustav and the storm's possible impact on ...

AP News Calendar - FOX News
TUESDAY: The Institute for Supply Management releases its manufacturing index, 10 a.m.; Commerce Department releases construction spending for AUGUST. 10 a.m.; weekly Treasury auction. WEDNESDAY: Commerce Department releases factory orders for AUGUST ...

Futures slip as oil rises - Reuters
NEW YORK (Reuters) - Stock index futures fell on Thursday as the price of oil rose for a fourth day, overshadowing optimism among financial companies about the largest U.S. mortgage finance company Fannie Mae (FNM.N: Quote , Profile , Research ...

Stocks gain on durables - CNN Money
NEW YORK (CNNMoney.com) -- Stocks gained Wednesday, with financial services companies among the big gainers, as investors shrugged off higher oil prices and instead focused on a surprisingly strong reading on durable goods orders. The Dow Jones ...

Euro Rises for Second Day on Speculation ECB Won't Lower Rates - Bloomberg
Aug. 28 (Bloomberg) -- The euro rose against the dollar for a second day on speculation the region's interest-rate advantage over the U.S. will draw investors after European Central Bank officials signaled a cut in borrowing costs is unlikely. The ...

US STOCKS-Futures slip as oil rises - Forbes
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday as the price of oil rose for a fourth day, overshadowing optimism among financial companies about the largest U.S. mortgage finance company Fannie Mae. Investors were awaiting weekly data ...

REFILE-US STOCKS-Futures slip as oil rises - Forbes
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday as the price of oil rose for a fourth day, overshadowing optimism among financial companies about the largest U.S. mortgage finance company Fannie Mae. Investors were awaiting weekly data ...

Asia Day Ahead: U.S. Stocks Climb; McCain to Name VP Tomorrow - Bloomberg
Aug. 29 (Bloomberg) -- U.S. stocks climbed for a third day, led by manufacturers and financial companies, after growth in exports helped the economy expand faster than estimated in the second quarter. Oil fell more than $2 a barrel after the ...

Business Minute: Stocks rally...Oil higher...FAA says flight system ... - Wrcbtv.com
NEW YORK (AP) - Stock prices are rising. The Dow has been up more than 100 points. WASHINGTON (AP) - Shares of mortgage giants Fannie Mae and Freddie Mac are higher for a third straight day. Investors appear to be less concerned about the risk of a ...

Credit Crunch: The End of the Beginning? - BusinessWeek
by Sean O'Grady Here's some "big picture" numbers on the state of the world's financial system. According to ING, the total value of assets written down by Planet Earth's big banks is $502bn. The total value of capital raised by the same: $351bn ...