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Paulson says changes needed at Fannie, Freddie - ForbesTreasury Secretary Henry Paulson said Wednesday that allowing mortgage giants Fannie Mae and Freddie Mac to return to their old operating ways is not an option. Congress and the next administration must decide the proper role government should play ...
National Association of Realtors pending sales index drops - Atlanta Business ChronicleThe National Association of Realtors Pending Home Sales Index has dropped to a record low as the housing market continues to weigh on an already distressed economy. The index fell to 82.3 for the month of November. That’s down 4 percent from ...
Still-frozen credit? Blame it on recession - Reading EagleUnless you've lost your job in the last 12 months, the recessionary symptom that affected you most directly was the knotting of America's credit market. Even people with good credit ratings had a more difficult time securing home and auto loans, and ...
NY Fed begins purchasing mortgage securities - Reading EagleNEW YORK - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend $500 billion to buy ...
Jobless claims dive while mortgage rates ease again - AOLWASHINGTON (Reuters) - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market. Separate reports on Wednesday on business activity in New York ...
Pending home sales sink to 7-year low - CNN MoneyNEW YORK (CNNMoney.com) -- The number of homes under contract to be sold fell 4% in November, according to a report released Tuesday. The Pending Home Sales Index fell 4% to 82.3 for the month of November, to its lowest level since the series began ...
The Deficit Spending Blowout - Wall Street JournalRemember when Dick Cheney was pilloried for reportedly saying, earlier this decade, that "deficits don't matter"? We recall reading any number of press releases denouncing the Vice President for supporting tax cuts that contributed to short-term ...
Buy and rent boss ‘villain of year’ - Reading Evening PostA Reading businessman has been awarded the dubious title villain of the year by the Daily Mirror. Philip Hope of Home Assured Limited gained the award for the scheme which has left many people across the UK without a home. His company, based in ...
November pending home sales at 7 year low - CNN MoneyNEW YORK (CNNMoney.com) -- The number of homes under contract to be sold fell 4% in November according to a report released Tuesday. The Pending Home Sales Index fell 4% to 82.3 for the month of November, to its lowest level since the series began in ...
Pound Posts Weekly Decline Against Dollar After Mortgage Approvals ... - BloombergJan. 3 (Bloomberg) -- The pound slid for a third week against the dollar, the longest run of declines since September, and two- year gilt yields tumbled to the lowest level on record as reports showed U.K. mortgage approvals fell and manufacturing ...
Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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