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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

Lincoln home equity loans news:

Ford tells Congress it may be able to go it alone - Motley Fool
Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough money to make ...

Ford to 'Aggressively Restructure,' Seeks $9 Billion in Bridge ... - Wall Street Journal
Ford Motor Co. unveiled a plan to turn around its operations, emphasizing cost-cutting steps and improved fuel economy of its fleet, as the auto maker seeks $9 billion in bridge financing from the federal government amid decades-low sales and credit ...

Ford Will Speed Green-Car Launches - Wall Street Journal
The Big Three auto makers will submit recovery plans to Congress on Tuesday that emphasize cost-cutting, downsizing and renewed emphasis on higher-mileage cars in a bid to win support for a federal bailout. Ford Motor Co. Chief Executive Alan Mulally ...

Detroit Selling Cuts, Green Cars in Aid Push - Smart Money
NEW YORK (Dow Jones) -- The Big Three auto makers will submit recovery plans to Congress on Tuesday that emphasize cost-cutting, downsizing and renewed emphasis on higher-mileage cars in a bid to win support for a federal bailout. Ford Motor Co ...

The Insurance Industry's Invisible Meltdown - Seekingalpha.com
As discussed previously in Next Bailout - Insurance Industry? , the insurance stocks have continued their disastrous sell off. Yet, I have seen virtually nothing in the mainstream press about the dangers of an imploding insurance industry. This ...

Developer caught in banks’ line of credit squeeze - Boston Business Journal
Roy S. MacDowell Jr., a wealthy real estate developer linked to major projects throughout the country, is getting a firsthand look at how ugly the credit crunch has become. Lenders, including two major banks and construction magnate John F. Fish, are ...

Many want pay based more on performance - Fort Wayne Journal Gazette
In 2007, as their companies started to falter, many executives were getting increases to compensation packages that already paid more in a day than most Americans make all year. Take Brian F. Roberts, chairman and CEO of Philadelphia-based Comcast ...

Auto slump hits hard in car-mecca California - Sacramento Bee
The Saturn dealership, closed two weeks ago, is still jammed with cars; signs at the curb promote a red-tag sale. The Ford dealership, closed since June, sits empty, stripped clean. These are terrible times for the auto industry, and the impact shows ...

Letters, 11/25: Face the consequences - Lincoln Journal Star
Why should homeowners who are behind on their mortgage payments be helped by the government or banks to avoid foreclosure? If you are going to spend money you don’t have, you should have to suffer the consequences. My parents have made every ...

New businesses - Providence Journal
BANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...