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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

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McCain's Annoying Little Fraud - Slate
( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...

Canadians support government's handling of economy: Flaherty - Globe and Mail
David Hogg from Victoria, Canada writes: Mr. Flaherty and his cabinet colleagues are economic heroes and legends in their own tiny little minds. The biggest difference in the US economy and ours is reflected in the mortgage market and housing market ...

GMAC closes offices in Cedar Falls, Waterloo - Globe Gazette
WATERLOO, Iowa (AP) — Lender GMAC has closed its retail offices in Cedar Falls and Waterloo, eliminating 27 jobs. The cuts are part of a nationwide reduction for the company, which is eliminating about 3,000 jobs across the country. The Waterloo ...

St. Paul Was in Minneapolis Last Night - New York Times Blogs
That was a line spoken yesterday by Doug Wead at a political convention in Minnesota. The first “St. Paul” he mentioned was the city where the G.O.P. is holding its convention; the second one is Ron Paul , leader of the “constitutionalists ...

September August July June May April March February January 2007 - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

Misadventures in Atlanta - AccessAtlanta
In the 12 years since her parents allowed her first date, Blanca has dated, and dated, and dated. And she's single, tired, but not completely without hope. I admit it, maybe I’m fickle. I want an affectionate man, but I worry when said sweets come ...

Election 2008 - Weekly Standard
Bob Shrum, the Democratic campaign strategist, is known for two things mainly--his long losing streak in presidential races, including such highlights as McGovern '72, Kennedy '80, and Kerry '04--and the trademark themes of almost every one of these ...

McCain's vice presidential candidate vows to upend Washington - Knoxville News Sentinel
Former Arkansas Gov. Mike Huckabee speaks during the Republican National Convention in St. Paul, Minn. ST. PAUL, Minn. - Claiming her historic place on the Republican ticket, vice presidential candidate Sarah Palin mocked Barack Obama's experience ...

The Latest Headlines... - Cleveland Leader
Tribe Creeps in to 9.5 Behind in the AL Central With Victory Over White Sox Video and Transcript: President George Bush Speaks at the 2008 RNC Video: 2008 Republican National Committee Tribute To Ronald Reagan Marko Perkovic, who performs under the ...

Election Madness - Common Dreams
There's a man in Florida who has been writing to me for years (ten pages, handwritten) though I've never met him. He tells me the kinds of jobs he has held-security guard, repairman, etc. He has worked all kinds of shifts, night and day, to barely ...