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Real estate magnate Talbott files for Chapter 11 - South Florida Business Journal
Two real estate companies owned by Boca Raton developer Gregory K. Talbott filed for Chapter 11 protection on Nov. 26 in West Palm Beach to stop their foreclosure sales, set for next Monday. Robert Eisen, an assistant to Talbott, said most of the ...

Once a waitress, now just waiting - Las Vegas Sun
Jennette Nelson, one of many victims of the stagnant local economy, moved into this $200-a-week residence motel near the Strip after losing her job as a restaurant server. "In retrospect, I wish I saved that money," she says. Fifty-one-year-old ...

Bailout increases by $800 billion - The Washington Times
What the Fed is now doing is what Congress intended, Mr. Reinhart said, adding, "Now we have asset purchases that will provide help to the mortgage market." Noting that the Fed has "unlimited balance-sheet potential," the former Fed economist said ...

LATEST POLITICS VIDEOS - CNBC
C   Loading...       ( )   ] . At its most basic level, the Federal Reserve’s $600 billion program to buy mortgage-related debt should lower interest rates somewhat and thus spur lending and support the troubled housing market. “We see ...

Credit card companies quick to raise rates, fees - Atlanta Journal Constitution
Greg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank’s ...

Affordable Consumer Credit Is Goal Of New Initiative - Hartford Courant
The federal government's new $800 billion initiative to revive the nation's credit markets and reverse the deepening economic crisis propels the government into risky territory — the world of credit cards, student borrowing, auto loans and cash ...

e6313 BC-UT-HotelOccupancy 11-25 0218 clone - Daily Herald
SALT LAKE CITY -- Hotel occupancy rates -- a key indicator of the health of the state's tourism industry -- declined nearly 5 percent in Utah last month compared with last year. Figures from the Rocky Mountain Lodging Association show the statewide ...

O'S DANGEROUS PALS - New York Post
WHAT exactly does a "community organizer" do? Barack Obama 's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor ...

When Will the Slump End? - Newsweek
At the height of the boom, author and former Wall Streeter John Talbott warned of the crisis to come. Unfortunately, his latest predictions aren't promising. When most of us read news about the falling housing market, we have to suppress a groan or ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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