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Arizona MLS Takes Steps to Solve the Financial Crisis - EarthtimesPHOENIX - (Business Wire) The Arizona Regional Multiple Listing Service (ARMLS) is taking steps to reverse the downturn in the metropolitan Phoenix real estate market. ARMLS is piloting a collateral risk scoring program for residential mortgage ...
The Great Depression Pt. III - Huffingtonpost.comIn Part I of this series, New Deal Democrat and I looked at the years 1929 - 1933. These years saw a decline of 25% in the chained GDP figures; a failure of 20% of commercial banks, a drop in personal income from $90 billion to $50 billion and a drop ...
Valley bankruptcies nearly double - AZCentral.comMany Valley residents ended 2008 on a sour financial note as bankruptcy filings spiked in December after a lull in November. Some 1,399 individuals and businesses in the Phoenix metro area sought protection from creditors in December - a jump of ...
Mortgage rates are low, but loans difficult to get - San Jose Mercury NewsMortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most ...
Congressmen sound off against SEC in Madoff affair - Napa Valley RegisterWASHINGTON - Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H. David ...
The Bust is a Boon - CNN MoneyDespite getting laid off from his banking job on Christmas Eve, Armando Avila has retained his optimism. The long-time loan officer believes his job skills and experience will be much in demand as steeply falling prices fuel a big upturn in the ...
South-central Idaho economy poised to rebound - Twin Falls Times-NewsIt was Murphy's Law year, 2008: If anything could go wrong, it did. Stock market crashes. Bank failures. Mortgage meltdown. So what can south-central Idaho expect from 2009? Continued retrenchment, certainly. But folks in the Magic Valley are pretty ...
Comeback year? Cedar Valley leaders think so - Waterloo Cedar-Falls CourierWATERLOO --- Perhaps the economy cut into the recent New Year's celebrations. But, if economic analysts' predictions come true, next year's festivities could be a mite happier. "I think economically, locally, it's going to be OK," said Brad Lee ...
Land Resources - Chicago TribuneAfter crossing the old Valley Railroad tracks, I went down the Main Trail that connected to the Old Cellar Trail, the Slope Trail, the Loop Trail and the Long Trail. I then took a crossover trail that connected with the Castle Rock and Eagle Rock ...
Silicon Valley looks towards 2009 - BBC TechnologyDespite the continuing fall out from the global credit crisis, there is a mood of optimism around Silicon Valley, which is perhaps not that unusual given its "can do" reputation. The other reason for this upbeat attitude is that in 2000, when the dot ...
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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