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News about Mortgages:
Commercial paper maker rises for 6th straight week - Boston GlobeNEW YORK— The amount of commercial paper outstanding in the market has increased for the sixth straight week, the Federal Reserve said Thursday. Issuing commercial paper is a way for companies to borrow money for short periods of time to finance ...
Wells Fargo hires three lenders - Statesman JournalSALEM — Carmen Babb, Alan Day and Sheila Freeland have been hired as lenders at Wells Fargo Home Mortgage at 580 State St. in Salem. Babb, a Salem native, worked as a mortgage consultant at Silver Falls Mortgage and Willamette Valley Bank for the ...
Today's Mortgage Terms starting with R
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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