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News about Mortgages:
The Next Subprime Crisis Looms - Der SpiegelThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...
Hard times at nonprofits - Gazette"The resource center is holding our breath," says Marti Worshtil (right), executive director of the Prince George's Child Resource Center, here with Ashley Majia, 10 months, and Ashley's mother, Sandra Ramirez of Hyattsville. "Our program officer has ...
FHA: The new Fannie Mae - Hotair.comThey’re baaaa-aaack . The same people who engineered a global financial meltdown with bad loans covered by government backing have begun exploiting the Federal Housing Administration in the same manner as Fannie Mae and Freddie Mac. Lenders who ...
FHA-Backed Loans: The New Subprime - BusinessWeek(page 2 of 5) Similarly worrisome stories are playing out around the country. In Tucson, First Magnus Financial specialized in risky "Alt-A" mortgages, which didn't require borrowers to verify their income. State and federal regulators cited the ...
Know before you borrow - Baltimore SunExotic mortgages, as well as some lenders, are a thing of the past. But the need to borrow to buy a home is very much present. The lending landscape keeps changing fast, economists, mortgage brokers and lenders say, so homeowners and potential buyers ...
Witness recalls last messages in MySpace hoax case - Las Vegas SunUpon hearing about the suicide of a 13-year-old neighbor, a Missouri woman ordered her business assistant and daughter to delete the Internet account they are accused of using to harass the girl, the assistant testified Thursday. Ashley Grills, 20 ...
Take baby steps to 'financial peace' - ABC2 NewsFlipping the radio dial as he drove one day, Allen Johnson stopped at the voice of a radical -- a get-out-of-debt radical. Johnson listened as financial writer Dave Ramsey espoused practices that could all but get a man stoned in an American shopping ...
Witness worried about Web hoax that led to suicide - Las Vegas SunThe business assistant of a Missouri mother accused in an Internet hoax that prosecutors say led to the suicide of a 13-year-old girl testified Thursday the woman allowed the scheme to continue despite a warning that it might lead to trouble ...
Thompson, No. 1 Tar Heels roll past Kentucky 77-58 - Buffalo NewsDeon Thompson scored a career-high 20 points to help top-ranked North Carolina beat Kentucky 77-58 on Tuesday night despite playing yet again without national player of the year Tyler Hansbrough. Wayne Ellington had 16 points for the Tar Heels (2-0 ...
Spaulding proposes gas-tax increase - Times-ArgusMONTPELIER – Steep budgetary shortfalls threaten to undermine the state's transportation system unless Vermont levies a new tax on gasoline and diesel purchases, according to a report issued by State Treasurer Jeb Spaulding. The recent decline in ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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