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Fed plans $800 billion to unfreeze credit - Kokomo Tribune
WASHINGTON -- The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available. The new programs from the Federal Reserve and ...

Slew of reports reveal battered economy - Kokomo Tribune
WASHINGTON - The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their spending by the largest amount since the 2001 terrorist ...

Fading future - Indianapolis Star
KOKOMO, Ind. -- Chrysler's possible merger with General Motors could slam Indiana's industrial economy and shock this old automotive city harder than almost anything in its past. Even though unemployment levels in this manufacturing center an hour ...

GM says Delphi mightn't emerge from bankruptcy - Kokomo Tribune
DETROIT - General Motors says Delphi Corp., its former parts-making operation that was spun off in 1999, may not be able to emerge from bankruptcy protection. The automaker also says the troubled mortgage industry and frozen credit markets have ...

Federal help coming to deal with vacant homes - Kokomo Tribune
The downside of foreclosure is on full display at the Holiday Inn Express on a clear October day. Auctioneers from Dallas-based Hudson & Marshall have six homes on the block today, bank-owned repossessions from Marion, Bunker Hill, Sharpsville and ...

Bankruptcies & Foreclosures - The Ledger
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...

Economic woes hindering home repairs - Pharos-Tribune
The faltering economy has caught up with several Logansport homeowners who are being targeted to fix up their houses. Three property owners who appeared before the Logansport Board of Public Works and Safety Wednesday said they had been unable to ...

Governor announces plan to help with foreclosers - Hendricks County Flyer
Gov. Mitch Daniels announced this week that the state has developed a plan that will distribute $84 million to help cities and towns across Indiana buy abandoned or foreclosed homes, demolish or redevelop vacant properties, and help low- and moderate ...

Officials need better information - Pharos-Tribune
One of the e-mails that came in this week said, “Geez Morton. Lighten up.” I find it difficult to do that while our state and national economies are under such stress. Another correspondent wanted an answer to that persistent question “are we ...

Numbers Don’t Lie – Education Drives Employment, Economic Growth - Inside Indiana Business
In July, Indiana’s unemployment rate ticked up to 6.3%. It’s certainly not good news, though we still boast the lowest unemployment among our neighboring states, thanks to aggressive economic development efforts and record levels of foreign ...

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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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