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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Morgan home equity loans news:

Analyst Actions: JP Morgan, Altera, Synovus Financial - BusinessWeek
Deutsche Bank analyst Mike Mayo says that worsening economic trends should put additional pressure on JPMorgan Chase & Co.'s ( JPM ) loan portfolios (especially cards, home equity, residential, and commercial mortgage) as well as banking industry in ...

Deutsche Bank Cuts Estimates, Price Target On JPMorgan Chase (JPM) On ... - StreetInsider.com
Deutsche Bank said the biggest issue U.S. banks will face in 2009 is loan losses. The firm expects commercial bank loan losses for the industry to increase from 1.5% (3Q08) to 3% by the end of 2010. They said JPMorgan Chase (NYSE: JPM ) could be one ...

Analyst Actions: JP Morgan, Altera, Synovus Financial - BusinessWeek
Deutsche Bank analyst Mike Mayo says that worsening economic trends should put additional pressure on JPMorgan Chase & Co.'s ( JPM ) loan portfolios (especially cards, home equity, residential, and commercial mortgage) as well as banking industry in ...

Sumitomo Mitsui, Barclays May Start Japan Wealth Unit (Update1) - Bloomberg
Jan. 9 (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. may set up a wealth-management unit in Japan with Barclays Plc , aiming to tap the nation’s $15.9 trillion in household assets by harnessing the U.K. lender’s expertise and products ...

Lots of new faces on list of area's top 10 lenders - Sacramento Bee
Over the past two years, Wells Fargo Bank and Bank of America have remained the top two mortgage lenders in the Sacramento region but much of the rest of the market has been upended, according to La Jolla-based research firm MDA DataQuick. Of the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Fund manager Bill Miller is in Sun Valley, Idaho, mixing with media kingpins and presumably trying to salvage his investment in Yahoo. His ...

Even after bailout loan and perhaps more help on the way, Chrysler ... - Minneapolis Star Tribune
Is Chrysler a lost cause? Treasurys down after $30 billion note auction Citgo extends free fuel after Chavez intervention Obama names special watchdog for federal spending Brazil stocks down early amid profit-taking DETROIT - Even by the standards of ...

Return to Wealth - CFO.com
"FAIL fast, fail early" is a management mantra in many industries. Identify the projects that will not pay off quickly, and the costs of failure are capped. Banks have developed their own version of this rule — "fail completely, fail ...

Fed Policy Makers Saw ‘Substantial’ Risks to Economy (Update3) - Bloomberg
Jan. 6 (Bloomberg) -- Federal Reserve policy makers saw “substantial” risks to the slumping economy last month as they cut the benchmark interest rate to a record low and pledged to expand emergency loans if necessary. Central bank officials ...

Fed revives discussion of explicit inflation target - Arlington Heights Daily Herald
Federal Reserve officials revived the prospect of setting an explicit target for inflation to counter the risk that the worst economic slump in the postwar era will trigger a broad decline in prices. The Federal Open Market Committee at its Dec. 15 ...