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What is a Blanket Mortgage?
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News about mortgage:

Stocks Seen Higher; Oil Eases Before Data

By Michael Flaherty NEW YORK (Reuters) - U.S. stock futures pointed to a higher market open on Wednesday, with oil prices slipping and momentum from Tuesday's rally helping to fuel the market. Shares of Research In Motion Ltd. (RIM.TO: Quote , Profile , Research ) (RIMM.O: Quote , Profile , Research ) fell, a day after reporting a sharply higher third-quarter profit on sales for its BlackBerry wireless e-ma... : Stocks Seen Higher; Oil Eases Before Data

blanket mortgage

A blanket loan, or blanket mortgage, is a mortgage lient securing several parcels of property, frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels. The developer normal requires a 'partial release' clause so that individual parcels can be released from the blanket mortgage as they are sold.... : blanket mortgage

Mortgage Applications Unchanged Last Week

NEW YORK (Reuters) - Applications for U.S. home mortgages were unchanged for the week ended Dec. 17 from the prior week as an increase in refinancing offset a decrease in purchases, an industry trade group said. The Mortgage Bankers Association said its seasonally adjusted index of mortgage activity was flat at 689.3 in the week ended Dec. 17, following a 1.0 percent drop the previous week. Fixed 30-year mortgage rates averaged 5.69 percent la... : Mortgage Applications Unchanged Last Week

Making the Most of Those Deductions

By Linda Stern WASHINGTON (Reuters) - Income taxes are the price we pay for our civilization, as Oliver Wendell Holmes once said. But there's no point in going overboard. It's good to aim at paying what you're supposed to -- and not more. Some take that idea to excess. This week, federal agents charged telecommunications entrepreneur Walter Anderson with tax evasion so extreme they say he once paid $494 in income taxes on over $125 million ... : Making the Most of Those Deductions

Jumbo loan

Looking for a large loan amount to purchase or refinance your home?A loan which is larger (more than $322,700 as of 1/1/03) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.... : Jumbo loan
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