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State colleges get an 'F' for affordability - Hattiesburg American
Mississippi gets an F in making college affordable. The National Center for Public Policy and Higher Education this week released its biennial report card on how well states provide Americans with education and training beyond high school. Higher ...

Meltdown far from over, mortgage crisis looms - Tulsa World
WASHINGTON — 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 ...

Developers pay $1.8M for Jenks site - Journal Record
TULSA – Tulsa multifamily developers Richard and John Price paid $1.8 million for 9.68 acres in RiverWalk Crossing’s second phase, with plans to take over the 204-unit apartment project approved for that site by the Jenks Planning Commission ...

Biz Quicks - Tulsa World
Wall Street closed sharply higher Wednesday after investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon. The day's downbeat news included a drop in productivity, a pullback in the services ...

Report: Okla economy outpacing national averages - High Plains Journal
OKLAHOMA CITY (AP)--Oklahoma job growth will be flat next year, but the state's employment picture will continue to be better than that of the nation, an Oklahoma State University economist predicted Nov. 18. Economist Mark Snead said in his 2009 ...

JR Index sees rally at end of November - Journal Record
The Journal Record Index enjoyed a healthy rally, up 67.76 points, or 10.65 percent last week. It was the index’s only positive close in November, with the index ending at 704.23. Advancing issues nearly shut out declining issues at a 43-to-1 count ...

Simmons, Pirates roll past UTEP 53-21 - FOX News
GREENVILLE, N.C. — East Carolina had already locked up its spot in the Conference USA championship game and had little to gain in Friday's home finale against UTEP. Still, the Pirates sure didn't look like a team playing a meaningless game. Brandon ...

Tories reverse decision on political subsidies - Globe and Mail
Cal Davidson from Canada writes: 'The memo urges MPs to fan out to their ridings this weekend and sell the government's message through forums such as talk radio. Mr. Giorno's e-mail stated that MPs must show that the current dispute with opposition ...

Shell-shocked mortgage bankers gather in S.F. - San Francisco Gate
Tuesday, October 21, 2008 With all that grim news as a backdrop, a subdued and noticeably smaller group of mortgage bankers gathered at Moscone West this week for the Mortgage Bankers Association's 95th annual convention and expo. "It's dead," said ...

Mortgage rates drop to average 6.2 percent - Tulsa World
Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.20 percent for the week ending Nov. 6. That was down sharply from 6.46 percent last week. The retreat in mortgages rates comes as the economy is ...

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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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