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Bank expected to lower rates again - International Herald TribuneThe Bank of England is expected to follow up December's 100 basis point rate cut with at least another 50 basis point reduction next week amid growing signs the economic downturn is gathering pace. Money markets are pricing in an 80 percent chance ...
On Religion - USA Today BlogsIn Washington today, politicians too often just stand their ground. Liberal strategist Bob Beckel and conservative columnist Cal Thomas provide a better model. To report corrections and clarifications, contact Reader Editor Brent Jones at 1 800 872 ...
Fed Focuses on Consumer, Corporate Rate Spreads Over Treasuries - BloombergJan. 6 (Bloomberg) -- Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending. Credit costs for ...
Should Uncle Sam Seize Mortgage Securities? - ForbesDemocrats are clear about this much: They believe the banks and the Bush administration have done too little to halt home foreclosures and they intend to do more. The source of the funds is clear too. House Financial Services Chairman Barney Frank, D ...
Mortgages & homes - Mortgage features - This is MoneyNationwide said it would not pass on any more reductions to about 250,000 families struggling to survive the recession. Experts said other lenders were likely to follow suit - leaving millions afraid that they will not get the benefit from future ...
U.S. jobless claims dive, mortgage rates ease again - ForbesWASHINGTON (Reuters) - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market. Separate reports on Wednesday on business activity in New York ...
Jobless claims dive while mortgage rates ease again - MSN MoneyCentralWASHINGTON (Reuters) - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market. Separate reports on Wednesday on business activity in New York ...
Nationwide defies Alistair Darling on mortgage interest rate cuts - Times OnlineNationwide, Britain's biggest building society, will not pass on any further cuts to the Bank of England base rate to customers with tracker mortgages, The Times has learnt. The lender plans to invoke a rule in its mortgage contracts allowing it to ...
In 2008, the buzzword was clear: Change - Nashua TelegraphAll year long that word was everywhere. It was something we could believe in. It was something that mattered. But by the end of 2008 it was not, most definitely, richly jingling in our pockets. The word was "change." It was what we craved, what we ...
WRAPUP 1-U.S. jobless claims dive, mortgage rates ease again - ReutersWASHINGTON, Dec 31 (Reuters) - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market. Separate reports on Wednesday on business activity in ...
Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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