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Economic tough times divide Sydney - Washington PostResize SYDNEY (Reuters) - This is a tale of two cities. There's the beachside Sydney, washed by white foamy waves, dotted by cafes and high class restaurants and multi-million dollar houses and apartments -- it's boomtown Sydney. Then there's the ...
Washington offers no relief for savers - San Diego Union-TribuneWASHINGTON – Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it. Hundreds of thousands of Americans buy homes more expensive than they can afford. Congress ...
Assailed by low savings rates and falling shares, savers find no ... - NewsdayWASHINGTON (AP) _ Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it. Hundreds of thousands of Americans buy homes more expensive than they can afford. Congress ...
'Liar loans' threaten to prolong mortgage crisis - International Herald TribuneWASHINGTON : In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets ...
Producer Prices Up 1.2% In July - Washington PostCathy Tozzi shops at her local dollar store Friday in New York. Tozzi, who lives in Brooklyn, N.Y. has cut back. "I shop at the 99 cent stores. There are ways of saving money." Even so, she worries about inflation "eating into my savings." (Mark ...
Mortgage insurers spent over $1.1M lobbying in 2Q - CNBCWASHINGTON - The trade group for mortgage insurers spent more than $1.1 million lobbying in the first quarter on issues dealing with the housing market slump, according to a recent disclosure form. The Mortgage Insurance Companies of America lobbied ...
Mortgage finance companies Fannie Mae, Freddie Mac sink on fears of ... - Minneapolis Star TribuneWASHINGTON - Shares of mortgage finance giants Fannie Mae and Freddie Mac tumbled Monday amid renewed fears that shareholders will wind up with nothing if the government intervenes to bail out the troubled companies. The Treasury Department late last ...
See today's average credit card rates across the country. - MSNBCWASHINGTON - Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it. Hundreds of thousands of Americans buy homes more expensive than they can afford. Congress ...
UPDATE: Fannie, Freddie Drop After Report Says Bailout Likely - CNN MoneyWASHINGTON (Dow Jones) -- Shares of mortgage-finance giants Fannie Mae and Freddie Mac fell in Monday morning trading after a report over the weekend said that the U.S. Treasury is increasingly to recapitalize the struggling companies in the months ...
Consumers feel fallout from Fannie, Freddie - MSN MoneyCentral(AP) - Jeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't ...

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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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