Dayton Mortgage Rates and Information Online from competing Lenders

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Denny Hecker closes 6 car lots, sells 3; GM sues - Minneapolis Star Tribune
Six of flamboyant Twin Cities auto dealer Denny Hecker's dealerships have closed and three others have been sold. In a news release late Friday, Hecker said the shutdown of the Blaine Bargain Lot, Forest Lake Chrysler Jeep Dodge Mitsubishi ...

Fannie, Freddie enact mortgage moratorium - Dayton Business Journal
Fannie Mae and Freddie Mac have told mortgage services to halt foreclosure sales on owner-occupied homes between Nov. 26 and July 9, 2009. This moratorium is estimated to help more than 16,000 borrowers who would otherwise have been evicted during ...

Check Into Cash closing 32 Ohio stores - Dayton Business Journal
Another payday lender is shutting down some of its Ohio shops in the wake of the industry’s defeat at the polls in the November election. Cleveland, Tenn.-based Check Into Cash said it will close 32 of its 92 Ohio stores within the first two weeks ...

Bank's demise one for textbooks - The Columbus Dispatch
Cleveland-based National City scooped up companies that originated subprime mortgages, then offered the risky loans on its own to its core market in the Midwest and eventually to home buyers all over the country. The risk-taking behavior was in ...

Evenflo Co. eliminating 45 salaried jobs - Dayton Daily News
Evenflo Co. Inc., a privately held manufacturer of infant and juvenile products including car seats and baby bottles, said it is eliminating 45 salaried jobs in Ohio because of the "challenging business environment."... MIAMISBURG — The Miamisburg ...

Fed: Recession to last into mid-2009 - Portland Business Journal
Fed: Recession to last into mid-2009 Ratajczak: ‘Of course it’s a recession’ Local debt rises on credit cards, mortgage payments Banks ante up to draw more deposits through CDs The Federal Reserve Bank expects the U.S. economy to be in ...

Text messages to gal pal, yes; e-mail, no - Las Vegas Sun
Gov. Jim Gibbons demonstrates how he text-messages with his thumbs in a meeting this past summer with the Nevada press corps. Oct. 22 -- Judge issues order in Gibbons e-mail lawsuit Oct. 20 -- New details emerge in suit against Gibbons Oct. 17 ...

Heavy Lake-Effect Snow Blankets Great Lake States - FOX News
ERIE, Pa. — As much as 2 feet of snow fell around parts of the Great Lakes region Monday, making driving hazardous and closing some schools. Cold wind picked up moisture from the lakes to produce lake-effect snow that piled up on the eastern and ...

Erie County alone in the no-snow zone - Buffalo News
From Cleveland east to Utica, three dozen counties faced National Weather Service lake-effect or winter-storm alerts Friday night. Only one was not — Erie County. How’s that for a change? Metro Buffalo and northern Erie County were expected to ...

As Endowment Values Plummet, Some Institutions Consider Suing Over ... - Chronicle of Philanthropy
As many as five endowments for colleges or charitable foundations that have suffered significant investment losses or were unable to access money in their accounts in recent months are considering legal action against their brokers or investment ...

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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