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Wall Street stumbles through erratic session - Forbes
Wall Street stumbled through an uneven session Wednesday, ratcheting up and down as the price of oil also seesawed and worries persisted about the financial sector. Concerns about mortgage financiers Fannie Mae and Freddie Mac again dragged on the ...

US stocks mixed on surging oil - News.com.au
US stocks closed narrowly mixed today as soaring oil prices stoked concerns consumers will cut spending and amid jitters over the beleaguered ailing mortgage finance giants Fannie Mae and Freddie Mac. The Dow Jones Industrial Average rose 11.64 ...

UPDATE: IAC, All But 1 Spinoff Higher As Breakup Is Official - CNN Money
Updates stock quotes, adds Moody's response to the breakup.) DOW JONES NEWSWIRES Internet conglomerate IAC/InteractiveCorp (IACI) officially broke apart Thursday, as Ticketmaster Inc. (TKTM), HSN Inc. (HSNI), Interval Leisure Group Inc. (IILG) and ...

Business Highlights - Forbes
Merrill, Goldman, Deutsche in deal with regulators NEW YORK (AP) - Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank on Thursday joined other major financial companies in settling with regulators over their roles in selling risky ...

Mortgage applications slide, even though interest rates drop - USA Today
The Mortgage Bankers Association said Wednesday that mortgage loan applications fell 1.5% on a seasonally adjusted basis the week ended Aug. 15 from the week before. On an unadjusted basis, the MBA's market composite index was down 2.6%, and was down ...

US STOCKS-Wall St falls on mortgage market fears - Reuters
(Updates to 4 p.m.) NEW YORK, Aug 18 (Reuters) - U.S. stocks tumbled on Monday on the prospect of more losses from the mortgage crisis, with shares of banks and the two biggest home finance providers sending the major indexes down about 1.5 percent ...

UPDATE:UK Gross Mtge Lending Rises 5% To GBP24.8 Billion In July-CML - FXStreet.com
LONDON -(Dow Jones)- U.K. gross mortgage lending rose in July, but remained substantially weaker on the year as the credit crunch continued to throttle activity in the housing market, data from the Council of Mortgage Lenders showed Wednesday. Gross ...

US fears drag down Britain's banking blue-chips - Daily Telegraph
With fears about the plight of Fannie Mae and Freddie Mac still palpable across the Atlantic, Britain's big banking groups surrendered more ground, dragging the blue-chip index down. Growing concerns that the US government would have to rescue the ...

Stocks mixed as oil spikes - CNN Money
NEW YORK (CNNMoney.com) -- Stocks were mixed Thursday, as a nearly $6 spike in oil prices lifted energy stocks, but dragged on many other areas of the market. The Dow Jones industrial average ( INDU ) added a few points and the broader Standard ...

Futures point to recovery on Wall Street - Reuters
* Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 DJc1 NDc1 SPc1 were up 0.4-0.6 percent, pointing to a stronger start on Wall Street after major indexes fell sharply on Tuesday on credit and inflation worries. * Mortgage ...

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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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