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Mortgage activity remains steady - Chattanooga Times Free PressThe Mortgage Bankers Association has released its Weekly Mortgage Applications Survey for the week ending Dec. 26. The Market Composite Index, a measure of mortgage loan application volume, was 1,245.7, essentially unchanged, on a seasonally adjusted ...
Pas seeks school board applicants - Mississippi PressPASCAGOULA The Pascagoula City Council voted Tuesday night to accept applications for a school board seat that expires in March. The current member occupying that seat, board President Mike Concannon, said he will submit his name to the council for ...
Greensboro home sales off in final quarter of 2008 - Greensboro News & RecordSingle-family home sales fell more than 13 percent in the final three months of 2008, according to new figures released today by the Greensboro Regional Realtors Association. Data show 591 homes sold in the fourth quarter, down from 704 in the July ...
Salem Five Introduces Gold Star Saver Account - EarthtimesRed Sox Star Dustin Pedroia Helps Launch Educational and Fun Savings Program Designed to Teach Kids Financial Literacy and Responsibility Continues Salem Five's Heritage of Providing Sound Banking Options for Children BOSTON , Jan. 9 /PRNewswire ...
Mobile-home owners denied reverse mortgages - Visalia Times-DeltaWho forfeited our eligibility? Why? Because of the economy, this needs answers. Seniors that own their mobile home can not get a reverse mortgage because they rent dirt spaces from park owners that keep increasing the rent for their "dirt," even with ...
Sacramento region's churches struggle in the recession - Sacramento BeeSanctuary from the economic downturn is tough to find, even in houses of worship. The financial uncertainty has hit religious organizations hard as members struggling with tight budgets have pared back their donations. Churches, struggling to fill ...
REAL ESTATE - News-Democrat• 357 Breckenridge Drive; from Timothy R. Downing; to Ana-Maria Reyes; $132,000. • 22 Birdie Drive; from Mark E. Sauerwein and Linda K. Sauerwein; to Steven T. Lang and Michelle L. Lang; $225,500. • 400 S. 16th St.; from Clay Weygandts and Lang ...
Pending home sales hit record low - Vacaville ReporterPending U.S. home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy gave more buyers cold feet, the National Association of Realtors reported Tuesday. The index, which tracks signed contracts ...
New conforming loan limits and other sources of borrower confusion - Los Angeles Times BlogsJust what the conforming loan limit is on single-family homes and condos in Southern California -- it was raised last year to $729,750 in designated high-cost areas under the Economic Stimulus Act of 2008 -- has been a continued source of confusion ...
Auctions feature deep discounts, but buyer beware - Pittsburgh Tribune ReviewAs the mortgage and credit crisis continue, the Pittsburgh region is likely to see more auctions of foreclosured properties like the one Real Estate Disposition Corp., of Irvine, Calif., conducted last month. REDC is planning a return engagement in ...
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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