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Palm Beach Gardens hotel up for foreclosure sale - South Florida Business Journal
The Comfort Inn in Palm Beach Gardens is scheduled for public sale next week after losing a $7.3 million foreclosure judgment. The 90-room, 47,925-square-foot hotel is at 11360 U.S. Highway 1. Pinnacle Hospitality bought the hotel for $6.2 million in ...

Borrowers move as new bailout plan drops mortgage rates - The State
Stuart Stenhouse has been watching the housing market for some time. On Wednesday, lured by a plunge in mortgage rates, the 40-year-old Sacramentan jumped in. "That's why I'm starting," Stenhouse said as he traipsed around Beazer Homes' Natomas Field ...

TOP STORY: - CNBC
The last few months have probably been the worst ever for the hedge-fund industry, but there have been some success stories, Stuart Calder from Linedata Services told CNBC Monday.

Martin County seeks money to help buy or rehabilitate foreclosed homes - Fort Pierce Tribune
STUART — With 1,400 homes in foreclosure and an additional 2,400 homes with risky mortgages, Martin County wants to tap into $4 million in federal money to prevent vacant homes from deteriorating and bringing down neighborhoods, county officials ...

Struggling families given six-month reprieve as RBS delays ... - Times Online
Borrowers who fail to maintain mortgage repayments will be given a six-month breathing space under a plan due to be announced today by the Royal Bank of Scotland. The bank, which owns NatWest, is expected to promise not to repossess homes for six ...

Fed will buy $500 billion in securitized home loans - ScrippsNews
Mortgage rates plunged after the Federal Reserve announced that it would buy up to $500 billion of securitized home loans. Rates on 30-year, fixed-rate, conforming mortgages fell well below 6 percent after the Fed announced Tuesday morning that it ...

GuardHill expanding, undeterred by downturn - Greenwich Time
Despite the slow economy, some companies in the residential finance sector are thriving, including a New York City business that plans to expand its New Canaan office. GuardHill Financial Corp., a New York City-based mortgage broker, has said it ...

The Note: Economy Confronts Obama...Again - ABC News Blogs
You don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...

Deposit guarantee scheme heralds an unhealthy new beginning for ... - National Business Review
The government’s deposit guarantee scheme has brought new optimism to the decimated finance company sector, but this is not a healthy outcome, McDouall Stuart head of research John Kidd says in the company’s 2008 review of the sector. “Just ...

Grandmother with spinal tumor could lose home - Austin American-Statesman
The spinal cord tumor she's had for half her life has caused her health to fluctuate for years, and these days, she needs husband Stuart's help to bathe and dress. They first met at age 16, long before the drug-related violence in their San Francisco ...

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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