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UPDATE 2-UK regulator proposes BT wholesale price rises - Reuters
LONDON, Dec 5 (Reuters) - Ofcom, Britain's communications regulator, has proposed increasing the wholesale prices that BT Group (BT.L: Quote , Profile , Research , Stock Buzz ) charges other telecoms providers to cover the impact of inflation and ...

AT&T Layoffs: The Tip of a Telecom Downturn - BusinessWeek
A move by AT&T to eliminate 4% of its workforce may only be the beginning of a torrent of staff reductions and spending cutbacks in the $1 trillion telecom industry. AT&T ( T ), the largest U.S. telecom services provider, said on Dec. 4 that it will ...

TransUnion: 3Q mortgage delinquencies shoot higher - WTOP Radio
NEW YORK (AP) - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of ...

Vital Signs: New Plan Could Help Mortgage Market - BusinessWeek
The drumbeat of bad economic news continues, and policymakers keep coming up with big-money strategies to arrest the damage. The latest move by the Federal Reserve and Treasury Dept. commits up to $800 billion in support of the mortgage and consumer ...

Mortgage lending plunges nearly 70% - Ananova
Mortgage 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 ...

Next Round Of Foreclosures To Hit Retail - CBS News
(CBS/AP) Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

Newspaper round-up - Reuters UK
The Bank of England cut interest rates from three percent to two percent on Thursday, their lowest level since 1951. The CBI praised the move, but its chief economic adviser Ian McCafferty warned that "what is critical for business and consumers ...

Bailout Gallery - CNBC
Big Three Return to Washing... The CEOs of the Big Three automakers return to Capitol Hill for round two Friday, as they make their appeal for a $34 bi... Attention Santa Claus: The financial bailout has a new address—It's Main Street, not Wall ...

Economy News - Yahoo News
WASHINGTON - A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy ...

PRESS DIGEST - Canada - Dec 5 - Reuters
Dec 5 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL: - Canadian Prime Minister Stephen Harper steered his Conservative ...

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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