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News about Mortgages:
What's Left to Fix Housing Market? - ABC NewsWhat's Left to Fix Housing Market?ABC NewsThe government seized the two biggest mortgage finance companies and offered as much as $8000 in tax breaks to entice home buyers, while the Federal Reserve ...and more »
Mortgage rates still below 5 percent - The Associated PressMonitorBankRates.comMortgage rates still below 5 percentThe Associated PressWASHINGTON — Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept ...US MBA Mortgage Applications Index Fell 1.9% Last WeekBusinessWeekUS mortgage interest rates up slightlyUPI.comMortgage Applications Decrease in Latest MBA Weekly SurveyRealEstateRamaUPI.comall 339 news articles »
Protest in Washington to mark 7th anniversary of Iraq invasion - DigitalJournal.comThe HinduProtest in Washington to mark 7th anniversary of Iraq invasionDigitalJournal.comThe offices of Halliburton, the Washington Post, the Mortgage Bankers Association of America and the US Department of Veterans Affairs all received visits ...DC antiwar march draws thousands on seventh-anniversary of Iraq invasionWashington PostTens of Thousands March on Washington to Demand US Out of Iraq and AfghanistanPeriódico 26Thousands of anti-war protesters gather in DC on anniversary of the invasion ...Examiner.comThe Hindu -Arutz Sheva -The Next Reporter (blog)all 1,682 news articles »
Fed Ends Bank Exemption Aimed at Boosting Mortgage Liquidity - BusinessWeekWashington PostFed Ends Bank Exemption Aimed at Boosting Mortgage LiquidityBusinessWeekTheir removal, announced yesterday in Washington, is part of a broad wind-down of emergency liquidity backstops by the Fed as markets normalize. ...Fed Chief Takes Aim at Banks as Obama Pushes OverhaulNew York Timesall 551 news articles »
Senators set for fight on financial reform - ReutersReutersSenators set for fight on financial reformReutersSenate Banking Committee Chairman Chris Dodd (D-CT) unveils his financial reform substitute on Capitol Hill in Washington, March 15, 2010. ...Call for probe into US banking practicesFinancial TimesChris Dodd's Big, Misguided BillNational Review Online (blog)'The Road From Ruin': Would Dodd's Solutions Create More Useless Bureaucracy ...Huffington Post (blog)Washington Post -Providence Journal -Salt Lake Tribuneall 706 news articles »
The Tax Fix for America's Jumbo Deficit - New York TimesThe Tax Fix for America's Jumbo DeficitNew York TimesWASHINGTON — President Barack Obama, in confronting the US government's chronic problem with budget deficits, should consider the counsel ...and more »
Washington events for March 22 - 26 - MarketWatchWashington events for March 22 - 26MarketWatch10 am: Hearing on the future of housing finance and the private and public entities that support the mortgage market, at the House Financial Services ...US Treasury's Geithner testifies Mar 23 on housingReutersall 4 news articles »
RPT-Wall St Week Ahead: Stocks eye health vote, housing, Greece - ReutersRPT-Wall St Week Ahead: Stocks eye health vote, housing, GreeceReutersInvestors will pay close attention to home sales because the housing sector is still struggling with a tide of foreclosures after the subprime mortgage ...and more »
TARP watchdog to report on mortgage modification program - BailoutSleuth.com (blog)ABC NewsTARP watchdog to report on mortgage modification programBailoutSleuth.com (blog)Scrutiny of the Home Affordable Refinance Program is heating up in Washington, as lawmakers continue to question the mortgage refinancing ...Obama Overstates Loan Modifications, Republicans SayBusinessWeekRepublicans Attack Obama Mortgage Modification ProgramUPI.comWells Fargo agrees to modify home-equity loansFinance and CommerceRealEstateRama -CBS MoneyWatch.com (blog)all 245 news articles »
US House GOP calls for Fannie, Freddie phase out - ReutersDSNews.comUS House GOP calls for Fannie, Freddie phase outReutersWASHINGTON, March 19 (Reuters) - Republicans in the US House of Representatives on Friday recommended the country's top two mortgage finance companies, ...Fannie Mae Boosts Estimate for March Buyouts of LoansBusinessWeekWhy Canada Avoided a Mortgage MeltdownWall Street JournalHouse Republicans Release Principles For Reform Of Fannie Mae And Freddie MacTrading Markets (press release)NASDAQall 54 news articles »

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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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