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More Information - Mississippi Business Journal
OXFORD — During a Jan. 7 conference call with clients, leaders of FNC Inc. will explain new rules that significantly change the mortgage lending process for banks that want to sell their loans to Fannie Mae and Freddie Mac. Bill Rayburn, CEO of FNC ...

Commentary — By Janine Aron And John Muellbauer: “The storm before ... - Business World
OXFORD — Central banks can stop worrying about inflation. Price deflation is far more likely in the near term. But temporary deflation need not be the terror that central bankers fear, at least if the banking system is recapitalized and if interest ...

Young and carefree spenders are retailers' best friends - Times Online
Carefree 18 to 24-year-olds who do not have a mortgage and have never known a recession are the best hope for retailers. The under 25s are five times more likely to increase their spending this year compared with those over 35, according to research ...

Letter of the Day - Edmonton Sun
Owners and players in professional sports are in big trouble. In my opinion, they deserve it. The New York Yankees have signed A.J. Burnett, a pitcher of limited talent, for $82.5 million over five years. He pitched 221 innings last year with the ...

Jim Walter Homes closes; sites in Louisiana affected - News-Star
Walter Industries, Inc. today announced the closure of Jim Walter Homes, including several branches in Louisiana, according to PRNewswire-FirstCall. Jim Walter Homes built more than 350,000 homes during its history, but has not been profitable in ...

Consumer confidence hits a record low - Cincinnati.com
NEW YORK - Consumer confidence hit an all-time low in December, dropping further in the face of rising layoffs, in yet another sign that consumer spending is unlikely to pull the U.S. out of a yearlong recession any time soon. The Consumer Confidence ...

Brasch Words - American Reporter
BLOOMSBURG, Pa. -- It was Monday evening and the phone rang - again. It was probably the fifth time in two hours. A pleasant voice said she was from the - oh, that really doesn't make any difference. Both presidential candidates have volunteer ...

Walter Industries, Inc. Announces Closure of Jim Walter Homes - Yahoo Finance
TAMPA, Fla., Jan. 6 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: WLT - News ) announced today the closure of its Jim Walter Homes subsidiary. Jim Walter Homes built more than 350,000 homes during its history, but has not been profitable ...

Novelists shine light on world's cash woes - News.com.au
I did. If it was a novel, it just might save you the angst of having to wrestle with the economic downturn. "How?" I hear you say. Well, according to researchers at Manchester University and the London School of Economics, fiction and - get this ...

Deadline nears for home tax savings - Oakland Press
Local assessors are trying to spread the word that a money-saving deadline is swiftly approaching. “It’s a good program, and it was intended for people who have bought a new home in Michigan but can’t sell their old home,” said Bev Shaver ...

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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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