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Foreclosure Facts for Lafayette - KATC 3
"People here in Lafayette did not take part in the type of loans popular in other parts of the country," says Mortgage Broker Louise Logan. That's one reason why Lafayette's economy stays relatively stable, as homes across the country are reposessed ...

Local effect of Economy in Lafayette - KATC 3
The DOW fell about 670 points to 8-thousand-five-79. It's the "first" time the DOW has been below 9-thousand since august of 2003.the S-and-p 500 plunged 75 points to 910. The NASDAQ lost 95 points to close at 16-hundred-45. But a weeklong slide in ...

Housing market falls, county not as damaged - Daily Mississippian
Although the housing market as a whole still looks bleak, Lafayette County has not suffered as much. The instability of the economy has mortgage lenders tightening up lending standards around the country, making it harder for the average citizen to ...

Feelings mixed on auto industry - Detroit News
Some thought it was the death knell for the auto industry. Others said Ford and General Motors would be just fine. Still others thought the car companies would bounce back but look dramatically different from how they appeared in the past. That's how ...

A struggle to stay warm - Coshocton Tribune
COSHOCTON - Local residents, faced with a stagnant economy and rising costs, are definitely feeling the chill of not knowing where to turn for assistance in paying their utility bills. But communicating with utility companies early in the process or ...

Confronting our fears on Wall Street - Orlando Sentinel
Greed and fear are the emotions that rule markets. Fear is winning. U.S. and European stock markets fell steadily last week, even after the Federal Reserve lowered its benchmark interest rate in concert with central banks in Europe, Canada and China ...

BioTown to Get its First Green House - Inside Indiana Business
BioTown, USA is about to get its first green house. Students in Purdue University's Engineering Projects in Community Service program and Lafayette Habitat for Humanity are building a home in Reynolds using standards for environmentally friendly and ...

ANALYSIS-How low can U.S. grains go? - Forbes
CHICAGO (Reuters) - The sell-off in grains as part of a broader flight of investment money from commodities could continue through year's end due to the expanding credit crisis, with any global recession taking a bite out of demand. U.S. grain prices ...

Fear Trumps Greed as Wall Street Worries Paralyze World Economy - Bloomberg
Oct. 8 (Bloomberg) -- Greed and fear are the emotions that rule Wall Street. Fear is winning. Investors are in the grip of a panic that psychologists and historians say isn't necessarily rational and may intensify. They aren't buying stocks , and ...

Fear Trumps Greed as Market Woes Paralyze Economies (Update1) - Bloomberg
Oct. 9 (Bloomberg) -- Greed and fear are the emotions that rule markets. Fear is winning. U.S. and European stock markets fell yesterday, even after the Federal Reserve lowered its benchmark interest rate in concert with central banks in Europe ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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