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

Jones mortgage rates news:

Feds create a rescue plan for shaky lenders Fannie, Freddie - AZCentral.com
WASHINGTON - The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, prop them up financially and dismiss their top executives, federal officials told the two companies Friday, according ...

Fannie, Freddie backstop rumored; could trigger rally - Miami Herald
Wall Street may be poised for a rally Monday as rumors swirled Friday about a possible weekend rescue plan for troubled mortgage finance titans Fannie Mae and Freddie Mac. For the past several weeks, the Treasury Department, the Federal Reserve and ...

US Treasury Plan Could Help Homeowners, Hit Shareholders - FXStreet.com
WASHINGTON -(Dow Jones)- Homebuyers and holders of Fannie Mae (FNM) and Freddie Mac (FRE) debt are the likely beneficiaries of a U.S. Treasury plan to takeover the beleaguered mortgage giants, but it is less clear how shareholders will fare. A ...

Shares tipped to rise, led by financials - ninemsn
The Australian sharemarket is expected to start the week higher, supported by financial stocks, after Wall Street shares finished mostly higher on Friday. Local resources stocks, however, are expected to come under pressure after the oil price fell ...

Let's skip biography and get to economy - Baltimore Sun
N o wonder both presidential candidates are promising change. Even the stupid don't need to be reminded that, yet again, it really is the economy that will dominate voters' concerns. Especially the last couple of days. After a fortnight of diverting ...

Munich Re May See Higher Rates, Profits in Wake of 2008 Storms - Bloomberg
Sept. 5 (Bloomberg) -- The worst hurricane season in three years improves the odds that Munich Re and Swiss Reinsurance Co. , the biggest reinsurers, can raise rates and profit next year. Hurricane Katrina, which devastated New Orleans and socked ...

Capital One Spurned Mortgages For Credit Cards - CFO - CNN Money
NEW YORK -(Dow Jones)- In its four-year transformation from a credit card issuer into a bank, Capital One Financial Corp. (COF) stayed away from one of the most popular businesses in banking: mortgages. Capital One certainly dodged a bullet with that ...

Stocks tank — Dow ends day nearly 350 down - CNBC
NEW YORK - Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The ...

Stocks plummet after retail, unemployment data - San Diego Union-Tribune
NEW YORK – Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year ...

Investors worry as stocks tumble - Detroit News
NEW YORK -- Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year ...