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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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GM, Chrysler scale back glitz at LA auto show - Guardian Unlimited
AP Auto Writer= LOS ANGELES (AP) - Chrysler and General Motors are still showing off their newest vehicles at the Los Angeles Auto Show, but their displays were noticeably quiet Wednesday while Asian and European companies unveiled new models that ...

Front Row Washington - Reuters Blogs
George W. Bush heads to Peru this morning for his last scheduled trip abroad as U.S. president. Accompanied by Secretary of State Condoleezza Rice, he will attend an Asia-Pacific summit in Lima, Peru, where he will seek support for global financial ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Barack Obama: Certainly, his victory was historic , but during normal times, the president-elect wouldn’t make the list of the winners or ...

A transcript follows. - Washington Post
Read today's column . About Pearlstein: Steven Pearlstein writes about business and the economy for The Washington Post. His journalism career includes editing roles at The Post and Inc. magazine. He was founding publisher and editor of The Boston ...

SNAPSHOT - Financial Crisis - 1600 GMT - CNBC
NEWS - Obama calls for urgent passage of U.S. stimulus package - G20 leaders must take fiscal, monetary action -IMF - WTO chief urges tough global financial regulation - U.S. unemployment hits 6.5 pct, 14-year high - Swiss bank bonuses were ...

WRAPUP 1-GM global sales drop, merger talks progress - Forbes
NEW YORK DETROIT, Oct 29 (Reuters) - General Motors Corp on Wednesday reported an 11 percent drop in third-quarter global auto sales and said it is reviewing upcoming vehicle production plans as it aims to conserve cash in the face of mounting ...

WRAPUP 1-GM, Chrysler in merger talks-source - Forbes
DETROIT/NEW YORK, Oct 11 (Reuters) - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according ...

Four at Four: Call a Tow Truck - Wall Street Journal
This car now belongs to all of us. There’s a giant cloud hovering over the markets, and it’s leaking oil and has a bit of a knocking sound . In a world dominated by technology and complicated financial transactions, it has become clear that the ...

Right to work - Meganmcardle.theatlantic.com
Freddie wants me to talk about the human costs of not having the auto bailout. That's easy: they're terrible. Lots of people will lose their jobs. Those that don't will have their expectations for an upper-middle class life crushed. Am I glad to see ...

Indian teen thrown under train for writing love letter - USA Today Blogs
A 15-year-old boy was beaten, mocked and then thrown in front of a moving train Tuesday in eastern Bihar state, according to The Times of India . His crime? Falling in love with a girl from a different caste. "Fifteen-year-old Manish Kumar was ...