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AP IMPACT: US diluted loan rules before crash - Associated PressWASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...
Stocks end short session with 5th straight gain - Associated PressNEW YORK (AP) -- Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more ...
Ahead of the Bell: Analyst upgrades Bankrate - Boston GlobeNEW YORK— Increased refinancings, a decline in 30-year fixed-rate mortgage rates and an impending Web site relaunch may spark Bankrate Inc.'s business, a Citi Investment Research analyst said Monday. Mark Mahaney boosted Bankrate to "Buy" from ...
Premarket roundup: Black Friday, Bankrate - CNBCNEW YORK (AP) — Black Friday deals brought more shoppers to discount and mall-based retailers, but Wall Street analysts said Monday that the surge in traffic and sales is unlikely to last through the holiday shopping season. NEW YORK (AP ...
Mortgage lending plunges nearly 70% - Western TelegraphMortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, the Bank of England said. Just £459 million was advanced during the month, well down on September's £1.49 billion and only 6% of the level ...
Managing Risk in an Unstable World - The BulletinHow can we reduce risk for individuals? That's a natural question when a financial crisis has vaporized trillions of dollars of personal wealth in residential real estate and financial instruments. The problem is, when you try to reduce risk for ...
Wall Street futures point lower - Tulsa WorldNEW YORK - Wall Street appeared ready Monday to give back some of last week's big gains as investors, uneasy about the holiday shopping season, awaited some key economic reports. Initial reports about the start of holiday shopping pointed to sales ...
AllRegs and The Mortgage Press Release Online Reverse Mortgage Guide - Businesswire.comEAGAN, Minn.--( BUSINESS WIRE )-- AllRegs , the leading information provider for the mortgage industry, and The Mortgage Press Ltd. , a publisher of 37 state-specific newspapers for the state affiliates of the National Association of Mortgage Brokers ...
The U.S.A: A Socialist Republic? - The BulletinTo wit: After the Crash of 1929, the Federal Reserve did not move fast enough to save the banks and inject cash into the economy. Second, the New Deal, far from being wastrel deficit spending, was not bold enough. So it was that America wallowed in ...
WRAPUP 1-Dire factory, lending data fuel UK rate cut bets - ForbesLONDON, Dec 1 (Reuters) - British manufacturing shrank at a record pace in November and mortgage approvals slid back to a series low in October, showing that neither a weaker pound nor lower interest rates have stalled a slide into recession. The ...
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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