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Mortgage lifeline for Norfolk families - Evening News NorwichFamilies in Norfolk will be among the first in the country to benefit from the Government's new £200m mortgage rescue scheme. Broadland District Council has been picked as one of 60 councils which can “fast track” the scheme, which could reduce ...
Powerful gathering to stir up ideas - Omaha World-HeraldLINCOLN — Omaha promises to be a policy wonk's delight this week. For five days, beginning Wednesday, more than 500 state lawmakers, governors and other officials from across the country will gather at the Qwest Center Omaha for the 75th ...
Brokerage firm says Gateway owes it $2.4 million - HamptonRoads.comAn investment banking and brokerage firm has sued Gateway Financial Holdings Inc., contending that the parent of Gateway Bank & Trust Co. refused to pay $2.4 million for work and expenses related to helping Gateway raise additional capital. Stifel ...
Massive mortgage squeeze - bbcNet new mortgage lending is likely to fall to less than zero next year, according to a report commissioned by the Treasury from Sir James Crosby, the former chief executive of HBOS, owner of the Halifax. Sir James is warning that as homeowners are ...
The Real Security Challenge - Newsweek"Ninety-five percent of American foreign and security policy is bipartisan. That's why Congress argues so hard about the last 5 percent. We have to persuade voters they're getting value for their votes." That characteristically dry observation came ...
Redundancies at buy-to-let firm - EDP 24At least a third of staff is to be made redundant at a Norwich-based buy-to-let mortgage broker, it was announced last night. The Money Centre, one of the UK's largest independent buy-to-let mort-gage brokers, is to cut at least 20 jobs as a direct ...
Plan would help reduce bank-owned houses sitting vacant - HamptonRoads.comA new federal program aimed at stabilizing neighborhoods hit by foreclosures will inject roughly $46 million into Virginia next year, with South Hampton Roads receiving as much as $10 million in help. The money, provided through the federal ...
TowneBank Receives Preliminary Approval for $76.5 Million Investment ... - MSN MoneyCentralSUFFOLK, Va., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq:TOWN) announced today that it has received preliminary approval for a $76.5 million investment from the U.S. Treasury Department under the TARP Capital Purchase ...
Stemming the rising tide of foreclosures - Patriot LedgerThe national numbers are staggering: An estimated 1.5 million homeowners went through foreclosure last year, and 1.2 million more went through it in the first six months of this year. The FDIC estimates that unless something is done, 4 million to 5 ...
RBS, repossessions and recovery - bbcStephen Hester, the new chief executive of Royal Bank of Scotland, is perhaps showing unusual common sense for a banker. On taking one of the hottest seats in corporate UK, he decided that his priority had to be to prevent his industry becoming ...
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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