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Asian stocks close mixed - Straits Times
HONG KONG - ASIAN stocks edged up for a seventh consecutive session on Monday, building on last week's strong gains, as investors took heart from aggressive central bank efforts to revive economic growth even as incoming data were grim. Higher ...

Italy approves euro80 billion relief package - Associated Press
MILAN, Italy (AP) -- The Italian government on Friday announced an euro80 billion ($103.2 billion) emergency package offering relief to banks, families and companies suffering in the global economic crisis. The package, which is part of a proposed ...

Housing: Government to underwrite mortgage loans - Scotsman.com
ortgages are packaged up and sold by lenders to raise money, has been a key factor in the drying up of mortgage funding. Ministers need European Union approval before implementing the scheme. But, the delay could be costly, the Council of Mortgage ...

Government plans new credit, mortgage programs - Times Union
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 ...

Fed says it will buy mortgage-related assets - Times Union
WASHINGTON -- The Federal Reserve says it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed says it will purchase up to $100 billion in direct obligations from mortgage giants Fannie ...

Spanish Car Sales Speed Downhill - Forbes
With Spain's housing sector in crisis and consumers under pressure, it's no surprise that car sales fell 49.6% in November, the biggest monthly drop since January 1993 when sales slipped 51.4% during Spain's last recession. November sales fell to 63 ...

Guarantees for mortgage-backed securities eyed - International Herald Tribune
LONDON : The government aims to guarantee mortgage-backed securities in an effort to kick-start the moribund mortgage market, Chancellor Alistair Darling said on Monday. The plan takes up the main recommendation of a government-sponsored report into ...

REFILE-UK govt eyes guarantees for mortgage-backed securities - Reuters
LONDON, Nov 24 (Reuters) - The UK government aims to guarantee mortgage-backed securities in an effort to kick-start the moribund mortgage market, Britain's finance minister Alistair Darling said on Monday. The plan takes up the main recommendation ...

Fla. lenders halt new foreclosures for 45 days - BusinessWeek
Two groups of Florida lenders will voluntarily agree not to file new foreclosure petitions on primary homes for the next 45 days. The Florida Bankers Association and the Florida Credit Union League made the announcement Monday in a press conference ...

Florida lenders to halt new foreclosures for 45 days - Herald Tribune
TALLAHASSEE - Two groups of Florida lenders will voluntarily agree not to file new foreclosure petitions on primary homes for the next 45 days. The Florida Bankers Association and the Florida Credit Union League made the announcement Monday in a ...

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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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