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News about Mortgages:
SEC, Music City Bowl extend deal - The Tennesseanal.com (blog)SEC, Music City Bowl extend dealThe TennesseanThe Franklin American Mortgage Music City Bowl and the Southeastern Conference extended their contract ...Music City Bowl reps extend contract with SEC through 2013Nashville City PaperDeal extended through 2013 seasonESPNCapital One extends agreement with SECOrlando Business JournalWDBO Radioall 49 news articles »
Spring housing boom? Hope is in bloom - News & ObserverNews & ObserverSpring housing boom? Hope is in bloomNews & ObserverFranklin wants a larger house but is wary of taking on a big mortgage. BY DAVID BRACKEN - Staff Writer Lynda Franklin has been house-hunting for about six ...
Three & Out: SEC Thoughts, News & Notes 3/15 - InsideTennessee.com (subscription)Three & Out: SEC Thoughts, News & Notes 3/15InsideTennessee.com (subscription)The Franklin American Mortgage Music City Bowl extended their agreement with the SEC through the 2013 season. The Nashville-based bowl has had an agreement ...and more »
Chip off the old block: At these 2 bars, icing cocktails the retro way is hot - Philadelphia InquirerChip off the old block: At these 2 bars, icing cocktails the retro way is hotPhiladelphia Inquirer... bar and restaurant atop Two Liberty, and the Franklin Mortgage & Investment Co., the lower-level speakeasy in the former Bar Noir space, on 18th Street. ...and more »
Morgan Keegan's Peggy Yeager Honored for Job Performance, Community Service - MarketWatch (press release)Morgan Keegan's Peggy Yeager Honored for Job Performance, Community ServiceMarketWatch (press release)... for a local Boy Scouts troop, serving as a member of the parish board for St. Philip Catholic Church in Franklin and as a volunteer for Meals on Wheels. ...and more »
Property sales - Journal and CourierProperty salesJournal and Courier... Lafayette, $34000, Tracy A. Brown, sheriff of Tippecanoe County to US Bank National Association as trustee for First Franklin Mortgage Feb. ...and more »
FDIC Readies Sales of Bonds of Failed Banks Assets - BusinessWeekFDIC Readies Sales of Bonds of Failed Banks AssetsBusinessWeekHouston-based Franklin Bank, a unit of Franklin Bank Corp., whose chairman was mortgage-bond pioneer Lewis Ranieri, failed in November 2008. ...FDIC May Sell Failed Bank Assets DebtEmii.comFDIC may sell bonds tied to failed banks: reportWashington Postall 625 news articles »
Franklin Templeton Limited Duration Income Trust Reports Asset Allocation - CNNMoney.com (press release)Franklin Templeton Limited Duration Income Trust Reports Asset AllocationCNNMoney.com (press release)Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its ...and more »
FDIC $1.8B Guaranteed Structured Notes Sold -Source - Wall Street JournalFDIC $1.8B Guaranteed Structured Notes Sold -SourceWall Street JournalThe FDIC took over Franklin in November 2008 and Corus in September 2009. Over the past two years, the FDIC has had to take over 165 financial institutions ...FDIC Prices $1.8bn of Structured NotesHousing Wireall 4 news articles »
Franklin Credit Management Announces New VP of Default Servicing - DSNews.comFranklin Credit Management Announces New VP of Default ServicingDSNews.comNew York-based Franklin Credit Management Corporation (FCMC), the mortgage servicing subsidiary of Franklin Credit Holding Corporation, announced Monday ...Joseph Prat Rejoins Franklin Credit Management Corporation as Vice President ...MarketWatch (press release)Franklin Credit Management Appoints Joseph Prat As VP Of Default ServicingRTT Newsall 12 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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