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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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Geithner Said to Be Chosen for Treasury Secretary - New York Times Blogs
Updated | 5:33 p.m. President-elect Barack Obama will name Timothy F. Geithner to be his Treasury Secretary, according to a knowledgeable Democrat, elevating a Treasury veteran who as president of the Federal Reserve Bank of New York has all year ...

One rule for Lloyds, one for everyone else, signals Darling - Scotsman.com
ALISTAIR Darling yesterday effectively slammed the door on a rival bid to keep HBOS an independent bank, when he set tough conditions on any alternative rescue deal. The Chancellor made it clear that the Treasury would not match its offer to buy ...

Online Resources Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good evening, my name is Trishana and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Online Resources third quarter earnings conference call. All lines have been placed on mute to prevent any ...

In the News - Opensecrets.org
Like the Energizer Bunny, Barack Obama's $640-million fundraising machine is still going and going, now soliciting private donations to make the Democrat's transition to the White House as smooth as possible. By setting up a nonprofit corporation ...

Nov 09 - Nov 15 (279) - Andrewsullivan.theatlantic.com
I just returned from our Houston rally, and I have to say I am so proud of our community today. There must have been about 600 people. Gay, straight, black, white, young, old, married, single. But one community. One goal. Equal rights. The speakers ...

November 2008 - Weekly Standard
Out on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...

U.S. Stocks Rally, Dow Jones Industrials Climb 889 Points - Bloomberg
Oct. 28 (Bloomberg) -- Stocks rallied and the Dow Jones Industrial Average posted its second-best point gain as the cheapest valuations in 23 years lured investors and increased commercial paper sales signaled credit markets are thawing. Alcoa Inc ...

The biggest raise you'll ever get - CNN Money
(Money Magazine) -- The oldest of my three children started college this year , prompting me to flash forward to the day when my kids have all left home and the expenses of child rearing - from piano lessons to orthodontics, summer camp to undergrad ...

Bush Says Credit Freeze Will `Take a While' to Thaw (Update1) - Bloomberg
Oct. 17 (Bloomberg) -- President George W. Bush said the government's ``extraordinary response'' to the credit crisis eventually will revive the U.S. economy. ``It took a while for the credit system to freeze up; it's going to take a while for the ...

Europe and US wrestle for control of global markets - Times Online
President Bush will host an emergency summit of leaders from the major economies to chart a new course for world finance amid signs that Europe and America appear intent on heading in different directions. A weekend meeting at Camp David with ...