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For legions of lawyers, bad markets are good business - Miami HeraldNEW YORK -- (EDITORS: This is another in a regular series of articles by McClatchy's Washington Bureau on the impact of the financial collapse of Wall Street.) NEW YORK - As the corporate victims continue to pile up in Wall Street's great financial ...
Fitch Affirms CD 2007-CD5 Commercial Mortgage Trust - Forbes--$38,885,163 class A-1 'AAA'; Outlook Stable; --$88,500,000 class A-2 'AAA'; Outlook Stable; --$39,400,000 class A-3 'AAA'; Outlook Stable; --$52,000,000 class A-AB 'AAA'; Outlook Stable; --$958,880,000 class A-4 'AAA'; Outlook Stable; --$284,696 ...
Mortgage system crumbled while regulators jousted - Seattle Post IntelligencerWhen state investigators spotted questionable loan practices, the feds rejected their help and informed the state that it had no business looking into the affairs of federally chartered institutions. Scott Jarvis, director of the Washington state ...
Leaders divided on bailout - Glendale News-PressGLENDALE — The U.S. House of Representatives approved a revised $700-billion package Friday to bail out ailing financial institutions, a week after the congressional body rejected the first version in the face of an ongoing fiscal crisis and ...
Fear and loathing after the credit crisis - Financial TimesHistorical events change behaviour and attitudes. The two world wars, the Great Depression of the 1930s and the 9/11 terrorist attacks on the US each shaped the way a generation thought and acted. The financial crisis will be no different. Exactly ...
U.S. Exchanges Said to Seek Targeted Short Sales Ban (Update1) - BloombergOct. 10 (Bloomberg) -- U.S. exchanges may seek to impose a temporary ban on short sales for individual stocks that plunge, as regulators seek to rein in a practice blamed for forcing down shares of financial companies such as Morgan Stanley. The New ...
As 'Biggest Crisis' Hit, Congress Held Nose and Backed Bailout - BloombergOct. 6 (Bloomberg) -- U.S. Representative Elijah Cummings was shopping at a Safeway supermarket in Baltimore on Tuesday, Sept. 30, when an elderly woman stopped him. She was frightened, she said, because her daughter had called to tell her that her ...
US rescues giant mortgage lenders and credit lesson for Nigeria - VanguardLast month the United States of America, the hub of capitalism and the high priest and chief advocate of free market economy announced a $200bn (£100bn) bail out for two mortgage lender and on Friday the US congress passed the $700billion bailout ...
Resources can help amid foreclosure crisis - Los Angeles Daily NewsFree Homeownership and Foreclosure Prevention Fair on Saturday from 10 a.m. to 2 p.m. at the Braude Constituent Service Center, 6262 Van Nuys Blvd., Van Nuys. Angelenos will be able to get personal help from nonprofit housing counselors, learn about ...
Bailout is law - CNN MoneyNEW YORK (CNNMoney.com) -- After two weeks of contentious and often emotional debate, the federal government's far-reaching and historic plan to bail out the nation's financial system was signed into law by President Bush on Friday afternoon. "By ...

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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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