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News about Mortgages:

FHA-backed loans: the next subprime crisis? - MSNBC
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers — many of them the very sorts of firms that helped create the current financial crisis — are going strong. Their new strategy: taking advantage of a long ...

Investors stall mortgage changes - Cincinnati.com
NEW YORK - The federal government keeps bailing out the financial industry, but some working in that world seem reluctant to do their part, even if that could help stem the financial system's meltdown. At the center of today's economic and credit ...

Obama aide promotes job plan, warns automakers - Buffalo News
President-elect Barack Obama wants the new Congress to approve massive spending and fresh tax cuts in January, "a big number" probably far distancing a $175 billion campaign proposal, so he can sign it after taking office, top aides said Sunday ...

Who benefits from the new Fannie-Freddie plan - CNN Money
NEW YORK (CNNMoney.com) -- Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced this week by the Bush administration will rescue every troubled borrower ...

Stocks fall on more economic woes - Bridgeton News
NEW YORK (AP) — The selling on Wall Street continued Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 ...

US stocks fluctuate on more economic news - International Herald Tribune
NEW YORK : Wall Street fluctuated Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors ...

MARKETS: Stocks lower as selling continues - Chincoteague Beacon
After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors found little solace in the latest news. In a sign that banks are still struggling in the wake of massive losses tied to bad mortgage debt, Citigroup Inc. is ...

Stocks waver after layoffs in financial sector - MSNBC
NEW YORK - Wall Street stocks trimmed earlier losses Monday, trading mostly flat as investors wrestled with more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones ...

Stocks fall on news of more economic woes - San Jose Mercury News
NEW YORK — The selling on Wall Street continued today as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 ...

Stocks open lower on more economic woes - AOL
NEW YORK -The selling on Wall Street continued Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points ...

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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