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Meltdown far from over, new mortgage crisis looms - Newark Advocate
WASHINGTON (AP) -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same ...

Stocks fall sharply on consumer spending worries - Newark Advocate
NEW YORK (AP) — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's ...

Seven are accused of identity theft and mortage fraud - Newark Star-Ledger
Seven people have been arrested in connection with an international identity-theft scheme that targeted home equity lines of credit and siphoned at least $2.5 million away from dozens of banks, including more than 10 in New Jersey, according to ...

Suit alleges Kushner diverted $5M to prop up N.Y. newspaper - Newark Star-Ledger
One of the biggest commercial real estate deals in New York history was used by developer Charles Kushner to funnel more than $5 million into the New York Observer, the perennially money-losing newspaper run by his son Jared, according to a former ...

Reaction strong to 'mess column" - Contra Costa Times
I have been engulfed with a flood of reactions to my Nov. 3 column that posed the question "How did we get into this mess?" My take on the current financial crisis, which made the point that it started with widespread greed and ignorance last year ...

New jobless claims drop from 16-year high - Yahoo News
AP – Job seekers fill out forms at a job fair sponsored by Monster.com at a hotel in Newark, N.J., Thursday, … WASHINGTON – New jobless claims fell more than expected last week from a 16-year high, the government said Wednesday, though they ...

Week in Review - Sunday, Nov 30 - Delaware Online
Bob Terczak started praying before his wife hit the ground. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of ...

Notts families react to £20bn boost - Nottingham Evening Post
The Chancellor of the Exchequer Alistair Darling has announced a £20bn boost to the economy. Mr Darling has tried to minimise the impact of a looming recession in his pre-budget report. But what will it mean for Notts? Jo Roberts and CHARLES WALKER ...

Cassano’s Statements on AIG Probed by Prosecutors, People Say - Bloomberg
Nov. 26 (Bloomberg) -- Prosecutors are examining statements by former American International Group Inc. executive Joseph Cassano to see if he misled auditors and investors on subprime mortgage-related losses, said people familiar with the probe ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

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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