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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.

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Delaware mortgage rates news:

US government seizes control of mortgage giants - Miami Herald
Officials announce takeover of mortgage giants Obama, McCain call for changes in mortgage giants Democratic presidential nominee Barack Obama says a bailout shouldn't be a reward for ruthless investors. WASHINGTON -- The Bush administration seized ...

How Fannie and Freddie seizure affects homeownership - Miami Herald
WASHINGTON -- Treasury Secretary Henry Paulson on Sunday moved to take control of Fannie Mae and Freddie Mac, which operated like private companies but had enjoyed implicit government backing until their seizure. The move aimed to bolster the complex ...

The final race for the White House is on - ScrippsNews
ST. PAUL, Minn. -- After two boisterous national political conventions and two powerful acceptance speeches, which largely succeeded in rallying the party faithful, Republican and Democratic insiders agree both Barack Obama and John McCain must do a ...

September August July June May April March February January 2007 - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

That Palin’s a fighter - Atlanta Journal Constitution
Some conventions have magic moments. One was the 1996 Republican convention in San Diego when Elizabeth Dole took the microphone and wandered among delegates, talking conversationally. The huge arena took on the feel of an intimate family room. I ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. "Barack Obama’s suggestion that the McCain campaign is somehow ...

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 ...

The Latest Headlines... - Cleveland Leader
Sopranos Star James Gandolfini Ties The Knot Cliff Lee's First Attempt to Win 20 Comes Tonight Happy Labor Day from The Cleveland Leader! Following a second battle with cancer, former White House press secretary Tony Snow died at the age of 53 early ...

How Palin Got Picked - Weekly Standard
Can't get enough of Alaska Governor Sarah Palin? The Anchorage Daily News has kindly posted a photo gallery here . Was there something inconsistent in McCain's naming Governor Palin to his ticket after making much hay out of Barack Obama's not being ...

Stimulate This: Why the Talk of Economic Stimulus Will Remain Talk - Common Dreams
The new word of the week is "economic stimulus package." Everyone is for it. The President wants it if only because he knows a worsening economic crisis will leave his Administration in deep doo-doo, the way it did his dad's back in '92. Ben Bernanke ...