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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
Bradford home equity loans news:
Financial News
Site Presented By - Salon
The story so far: In 2006, in the post "A Tree Grows in the Sahel," I wrote about the amazing reforestation work pioneered by a farmer in Burkina Faso, Yacouba Sawadogo. In August of this year, Charles Mann's terrific piece on dirt in National ...

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 ...

Goodwin’s $140 Billion Binge May Doom RBS to Nationalization - Bloomberg
Nov. 25 (Bloomberg) -- During nine years at the helm of Royal Bank of Scotland Group Plc, Fred Goodwin excelled at beating his peers. In 2000, he pulled in the richest paycheck among British bank chief executive officers. He carried out the world’s ...

Citigroup bailout blackout: Network news programs featured no one ... - Media Matters
Summary: On all three network evening news programs, reports on the bailout of Citigroup included interviews with supporters of the deal, but only the CBS Evening News included any criticism of the bailout -- and that criticism came from a source who ...

Brown’s ‘Churchill’ Moment Masks Failure of Regulator He Built - Bloomberg
Nov. 26 (Bloomberg) -- Gordon Brown isn’t known for making quick decisions. He agonized for months over whether to call early elections after becoming U.K. prime minister in June 2007, before deciding against it. When financial and commodity ...

As CEO of Citizens’ parent bank, Fred Goodwin bet on rapid expansion ... - Providence Journal
Pedestrians pass a branch of the Royal Bank of Scotland in London earlier this month. RBS, parent of Providence-based Citizens Financial Group, announced more write downs on bad assets in the third quarter. AP / Kirsty Wigglesworth Fred Goodwin ...

We own Royal Bank - bbc
It's official. We the taxpayer own one of the world's biggest banks, Royal Bank of Scotland, or 58% of it. Only a tiny number of RBS's shareholders chose to buy any of the new shares in Royal Bank that were being sold in order to strengthen its ...

Citi and manic Monday - bbc
The overnight bailout by the US authorities of Citigroup is big and fairly complicated, but then it had to be: until recently Citi was the biggest bank in the world and even today its assets are not far off the size of Britain's economic output. Citi ...

Home owners hit by mortgage rate rises - Daily Telegraph
HSBC, Woolwich - which is part of Barclays - and Yorkshire Building Society announced rises of up to 0.5 percentage points on some of their most competitive mortgages. Experts expect a "torrent" of lenders would follow suit because banks are nervous ...

Mortgage lender Bradford & Bingley to cut 370 jobs in a desperate bid ... - Daily Telegraph
B&B hopes to save £15m a year by shutting its Borehamwood mortgage processing centre with the loss of 370 jobs. The bank is creating 70 jobs in its division that collects bad debt in a clear sign it expects to lend less and face more problem ...

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