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News about Mortgages:
Home sales report shows drop in area - Index-JournalHome sales have had a significant decline in the Greenwood area over the past year. A monthly report released by the South Carolina Association of Realtors shows the Greenwood area, which includes Greenwood, Abbeville and McCormick counties, had a 35 ...
Hawaii stocks plummet as Dow falls - Pacific Business NewsHawaii stocks plummeted Wednesday as the Dow Jones plunged more than 400 points on dismal corporate reports and news that the government won’t buy bank’s bad mortgage assets. Hoku Scientific (Nasdaq: HOKU) saw the biggest decline, down nearly 10 ...
New Orleans Groups, Leaders Make Big Housing Push - Bayou BuzzNew Orleans - On Sunday, October 26th, at 5pm, over 400 leaders of The Jeremiah Group will seek commitments from City, State, Federal and Private Sector officials, to create the largest and most comprehensive affordable homeownership strategy in the ...
Editorial Roundup: Excerpts from newspaper opinion pages - News-DemocratWashington's financial-rescue-of-the-day frenzy continued this week with Treasury Secretary Henry M. Paulson Jr. announcing that the government would invest at least $250 billion directly in U.S. banks. ... The new approach is a much more direct and ...

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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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