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News about Mortgages:
Midwest States Cut Spending in a Hurry as Region's Economy ... - Wall Street JournalState and local governments across the Midwest are cutting back on sheriffs' costs, programs for the poor and even a popular blues festival, as the region's once-thriving economy hits the skids. In the past few days alone, Chicago's city council ...
Banks Aim To Help Struggling Homeowners - CBS News(CBS/AP) JPMorgan Chase & Co. on Friday became the latest major bank to beef up its mortgage modification efforts as the government also considers a plan to help homeowners avoid foreclosure. JPMorgan's expanded program aims to help avoid ...
Meltdown 101: Bankruptcy won't help borrowers much - San Diego Union-TribuneFor most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren't allowed to alter the total amount owed ...
Wells Fargo Repeats as Manufactured Housing Community Lender of the ... - PR NewswireSAN FRANCISCO, April 24 /PRNewswire-FirstCall/ -- For the second consecutive year, the Manufactured Housing Institute has named Wells Fargo & Company NYSE: WFC as the Manufactured Housing Community Lender of the Year for 2008. This National Industry ...
Bankruptcy not the best choice for borrowers - Myrtle Beach OnlineFor most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren't allowed to alter the total amount owed ...
Bankers survey: Half against buying unsecured debt - BusinessWeekA survey of bank chief executives in 10 Midwestern and Plains states shows almost half strongly oppose the Federal Reserve's plan to buy unsecured commercial paper to alleviate the U.S. credit crisis. About 36 percent of bankers strongly supported ...
Financial crisis heralds era of "new seriousness" - Boston GlobeLONDON (Reuters) - Power tools roar as an army of workmen rushes to ensure Europe's largest city-center shopping mall opens on time, but marketing executives say the crisis in global financial markets has accelerated a trend among consumers to reject ...
Companies forecast growth; uncover new avenues for business amid ... - Albany Business Journal“A lot of our customers are using us an alternative source to their own labor,” says Mark Miller, president of Americlean. The tough economy is creating opportunities for companies in some industries, giving them impetus to spend more next year ...
Economic slowdown hits Iowa, data show - Des Moines RegisterA recession that economists say has taken hold of the nation is now gripping Iowa. A new report designed to signal changes in Iowa's economy shows growing weakness in employment, with increasing softness in manufacturing. Iowa has lost 2,400 factory ...
Delaying bailout may add to pain, economists say - Omaha World-HeraldTough times are ahead unless Congress does something to help the economy, several economists said Monday, but so far the pain is too distant from ordinary Americans to compel lawmakers to act. Tough times could mean higher interest rates on loans ...
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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