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News about Mortgages:
Three lenders come up with a new way to tap into equity - Chicago TribuneWASHINGTON—Improbable as it sounds at a time when American homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity without incurring traditional mortgage debt or making interest ...
Candidates weigh in on stabilizing Fannie, Freddie - ForbesThe historic takeover of Fannie Mae and Freddie Mac , which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for taxpayers and the ...
Energy, economic campaign themes to dominate pre-election session of ... - Minneapolis Star TribuneRangel had no-interest mortgage more than 10 years People convicted in the Abramoff investigation Senate Democrats to push bipartisan drilling bill US would stop nuke trade if India tests bomb FBI taped more than 100 Sen. Stevens phone calls ...
Takeover seen easing loan crisis - Boston GlobeThe Bush administration's planned takeover of mortgage giants Fannie Mae and Freddie Mac should help lower mortgage rates, stem the slide of housing markets, and stabilize the US economy, analysts said. The takeover, expected to be announced as early ...
U.S. faces possibility of a real economic decline - International Herald TribuneNEW YORK : Until recently, falling oil prices and surprisingly robust second-quarter economic growth had convinced some analysts that the United States might skirt recession, with the help of timely tax refunds and the U.S. dollar's exports-enhancing ...
Long-Term Capital Management: It's a short-term memory - International Herald TribuneA financial firm borrows billions of dollars to make big bets on esoteric securities. Markets turn and the bets go sour. Overnight, the firm loses most of its money, and Wall Street suddenly shuns it. Fearing that its collapse could set off a full ...
Share market tipped to make gains - News.com.auTHE share market is expected to start the week higher, supported by financial stocks, after Wall Street shares finished mostly higher on Friday. Local resources stocks, however, are expected to come under pressure after the oil price fell on Friday ...
Fannie, Freddie blind to the bubble - New London DayWashington - Mortgage giants Fannie Mae and Freddie Mac - despite their robust cadre of economists and mortgage experts - failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies - particularly Freddie ...
The credit gloom'will last to 2010' - This is MoneyThe boss of Britain's biggest mortgage lender says the financial downturn will persist until house prices in America start to rise again - and that could take 18 months. HBOS chief executive Andrew Hornby says it could be well into 2010 before the ...
Prosecutor becomes figure in mortgage mess - EarthtimesLOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown. In the past, he has faced gang members in court and since ...

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Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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