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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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Jones home equity loans news:
GM, Chrysler making deep cuts to hold on for loans - International Herald TribuneDETROIT : When Chrysler was near death and awaiting a government bailout in 1979, then-CEO Lee Iacocca ordered drastic spending cuts and required all checks above $1,000 to be approved by a senior vice president. Chrysler LLC and General Motors Corp ...
Tepper, Barakett Abandon Stocks as Hedge Funds Shrink Holdings - BloombergNov. 17 (Bloomberg) -- Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks and exited with $648 million, selling most holdings to reduce risk and raise cash as carnage spread across the financial markets. ``We ...
3rd Quarter Results - Replacement - Businesswire.comThe issuer advises that the following replaces the 3rd Quarter Results announcement released today at 07.10am GMT. Please note the following changes to the release issued earlier today: Corporate loans growth at ESFG ’ s banking ...
3rd Quarter Results - Businesswire.comEspírito Santo Financial Group posted positive results in the third quarter 2008, despite the continued crisis in the global financial markets: Consolidated 9M08 Net Income reached EUR 65.8 mn (EUR 146.7 mn in 9M07) which corresponds to an ...
Tepper, Barakett Abandon Stocks as Funds Cut Holdings (Update1) - BloombergNov. 17 (Bloomberg) -- Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks and exited with $648 million, selling most holdings to reduce risk and raise cash as carnage spread across the financial markets. “We ...
Asian Equity Losing Streak Prolonged - ForbesInvestors moved money out of equities for a third straight day Wednesday, with more unwelcome news from financial stocks hurting and exporters in Japan still battling the effects of a strong yen. The prospect of recession looms for Australia in 2009 ...
Geithner's Treasury - ForbesIn selecting a Treasury secretary, President-elect Barack Obama appears to have opted for candidate of both change and experience: New York Federal Reserve Bank President Timothy Geithner. If a report by NBC News turns out to be true, Obama will name ...
UPDATE: Asian Shares Fall On US, Corp Worries; HSI Dn 2.9% - FXStreet.comSINGAPORE (Dow Jones)--Asian share markets were falling Tuesday after a decline on Wall Street and given worries about the outlook for corporate earnings and global economic growth, with light trading volume underlying the caution pervading markets ...
Thornburg Defaults On Interest Payment; S&P Cuts Rating To D - CNN MoneyNEW YORK -(Dow Jones)- Thornburg Mortgage Inc. (TMA), entangled in protracted negotiations with its bank creditors, said early Wednesday it defaulted on a $ 12.2 million interest payment. In a swift response, Standard & Poor's cut the struggling ...
UPDATE:Life Insurers Take Brunt Of Commercial Mortgage Worry - CNN MoneyCHICAGO -(Dow Jones)- Should commercial real-estate turn out to be next focus of the financial crisis, life insurers will be among the companies feeling the most heat. Life insurers on average have the equivalent of about 41% of their equity invested ...
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