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News about Mortgages:
Banks Forgiving Mortgage Principle: Reward for Bad Behavior? - Seekingalpha.comIn a rather disturbing trend, some banks are beginning to forgive portions of the principle owed on mortgages in arrears: ( From the WSJ ): "As home prices slide and loan defaults pile up, some mortgage companies are slashing the amount that ...
SEEN AT THE SCENE : - Long Beach Press-Telegram"It was our most successful fundraiser in recent years," said the enthusiastic executive director of the WomenShelter of Long Beach (WSLB), TuLynn Smylie. The Fourth Annual Wine Tasting Fundraiser, held Oct. 4, raised $33,000. Host Duane Rose, owner ...
Nonprofits struggling, survey says - Vallejo Times-HeraldAt a time when the needs have never been greater, local nonprofits are struggling just to stay afloat, a new United Way survey found. The United Way surveyed Bay Area nonprofits two weeks ago, and found they "are feeling the pinch of the economic ...
Timm Creek residents pointing fingers - Spartanburg Herald-JournalThe swimming pool at the Timm Creek Community subdivision in Roebuck across from Dorman High School is infested with algae - its waters choked with a thick green sludge that makes it impossible to see depth markers. The pool's clubhouse sits in the ...
Fight Blight: City hopes to turn tide against blight - Star-PressTake for example the owner of a deteriorating South Mulberry Street home who told the city's Unsafe Building Hearing Authority this fall that he "got kind of roped into" a rehab project with his brother. Then his brother went to jail. "I got stuck ...
Anticipation of holidays tempered by tough times - Sharon HeraldSunday afternoon's snow showers and the crisp air of winter hovering around the Mercer County area served as chilly reminders that the Thanksgiving and Christmas holiday seasons are right around the corner. While it is an exciting time as we plan to ...
Business people - Anchorage Daily NewsSummit Mortgage recently hired Colin Krieger as a mortgage loan officer. He has worked in the loan mortgage industry since 2003. He is a member of the National Mortgage Bankers Association, Anchorage Home Builders Association and Armed Services YMCA ...
19% more women own homes, despite earning 25% less than men - PR InsideA recent Fairinvestment.co.uk survey of more than 2,000 Brits has found that 44 per cent of women questioned are homeowners paying a mortgage ( www.fairinvestment.co.uk/mortgage.aspx ), compared with just 37 per cent of men. This means that 19 per ...
Family avoids foreclosure as community gives $7G - New Haven RegisterMILFORD — Milford Special Education PTA President Susan St. Pierre calls it a "Holiday Miracle Story." Sharon Jansen described it as an "emotional roller-coaster" that has left her family touched by the outpouring of generosity from the community ...
Foreclosure Pincers Tighten On Condo Complexes - Investors Business DailyAs president of the Venetia condo association board, Sharon Dodge suffers from a malaise spreading fast across the U.S.: foreclosure fallout. Of the Miami luxury condominium's 382 units, 134 are starting the foreclosure process. About 40 of the units ...
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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