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Stocks fall sharply on consumer spending worries - Anniston StarUpdated 4:57 p.m. NEW YORK — 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 ...
4 new reports reveal battered economy - Anniston StarUpdated 10:15 a.m. WASHINGTON — The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their spending by the largest amount ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
Feds move to streamline aid process for homeowners - Anniston StarUpdated 1:44 p.m. WASHINGTON — The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae ...
Real Estate - Anniston Star100% FINANCING AVAILABLE www.tandb properties.com. Alex - 3br/2ba, unfin bonus built in '08. $159,500 820-0340,453-4008 Alex - 3br/2ba, unfinish bonus rm. Built '05. $153,000. 256-543-2987 or 283-5887 OWNER FINANCE Brand new house for sale, Bynum ...
Editorial reaction to $700B bailout plan - Denver PostHere is what some newspapers had to say about the Bush administration's move to ask Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions: — The Philadelphia Inquirer: "The unprecedented taxpayer ...
Editorial Roundup - ForbesIt's natural to second-guess recent moves by the government's top economic officials after a day when the most-watched stock index drops nearly 500 points. But when those officials refused to bail out Lehman Brothers, taxpayers got a break they ...
Financial and Credit Crisis - Biggest Since Great Depression - Newsblaze.comWe are facing the greatest financial crisis since the Great Depression. The government is at a loss on how to restore confidence on the credit institutions. Should public money bail out the private sector in a scale never seen before or should the ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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