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News about Mortgages:
CREDIT MARKETS: Lighter Trading Marks End Of Hectic Week - Wall Street JournalCREDIT MARKETS: Lighter Trading Marks End Of Hectic WeekWall Street JournalPrice talk for Nationstar Mortgage's $250 million offering of 5-year senior notes is in the 11%-11.25% area, while price talk for Wyle Services $175m 8-year ...and more »
03/21 - Real Estate Transfers - Bradenton Herald03/21 - Real Estate TransfersBradenton Herald$126300 Yarbrough Patricia A, Suntrust Bank to Deutsche Bank National Trust Company, First Franklin Mortgage Loan Trust 2005 Ff4, Lot 187 Shaws Point First ...
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. ...and more »
FDIC to Tap the Securitization Market - Wall Street JournalFDIC to Tap the Securitization MarketWall 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 ...and more »
York County deed transfers for March 18 - York Daily RecordYork County deed transfers for March 18York Daily Record36 Nace Drive, W. Manheim Twp.: Jasen P. and Renee Oliver and Sheriff Richard P. Keuerleber to US Bank National Association and First Franklin Mortgage Loan ...
FDIC's $1.37 bln sale draws strong demand - ReutersFDIC's $1.37 bln sale draws strong demandReutersResidential Credit Solutions has a 50 percent equity interest and is acting as servicer on the loans, sources said. The asset sales, tied to the mortgage ...and more »
Yorkshire Building Society offers its lowest ever mortgage rate - Easier (press release)Yorkshire Building Society offers its lowest ever mortgage rateEasier (press release)For people with slightly less equity in their home the Society also offers a 2 year fixed rate mortgage at 3.09% (up to 60% LTV) with a fee of £1195 which ...and more »
The New Republic: UnHAMPering The Housing Crisis - NPRThe New Republic: UnHAMPering The Housing CrisisNPRHomeowners applied to the HOLC to buy their mortgage, so the HOLC was able to pick and choose salvageable mortgages. HOLC mortgages required less equity ...and more »
First BancTrust Corporation Reports Fourth Quarter Results and Declares ... - PR Newswire (press release)First BancTrust Corporation Reports Fourth Quarter Results and Declares ...PR Newswire (press release)Franklin continued, "Much of the year was spent identifying and managing credits that deteriorated as the current recession deepened. ...and more »
FDIC Issues $1.38 Billion of Bonds Backed by Assets - BusinessWeekFDIC Issues $1.38 Billion of Bonds Backed by AssetsBusinessWeekThe FDIC also may sell bonds linked to the assets of Houston-based Franklin Bank this month, the people said. The bonds in the latest offering carry no ...and more »

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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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