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News about Mortgages:
Mortgage forgiven for woman, 90, who shot herself - Washington PostAKRON, Ohio -- Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her. Addie Polk's plight was cited by Rep. Dennis Kucinich , D ...
Why G20 shows up vital amid global financial crisis - Xinhua News AgencyWASHINGTON, Oct. 11 (Xinhua) -- Among international organizations, the Group of 20 (G20) does not usually draw people's attention. However, the current devastating global financial crisis has pushed the bloc to the front, making it an important forum ...
For legions of lawyers, bad markets are good business - Miami HeraldNEW YORK -- (EDITORS: This is another in a regular series of articles by McClatchy's Washington Bureau on the impact of the financial collapse of Wall Street.) NEW YORK - As the corporate victims continue to pile up in Wall Street's great financial ...
Color of Money - Washington PostI was raised by a grandmother who had to assign blame when anything went wrong. For Big Mama, there were never any accidents. When I got into a car crash while driving her to a doctor's appointment, she blamed me. Never mind that it was the other ...
Bailout managers may be buying own securities - Seattle Post IntelligencerWASHINGTON -- The government's plan to make sure private managers of a $700 billion bailout plan are free of conflicts of interest is weak, according to some critics, and allows too much room for abuse. The Treasury Department is in the process of ...
White House devising rescue plan - Boston GlobeWASHINGTON - As international leaders gathered in Washington yesterday to grapple with the global financial crisis, the Bush administration raced to overhaul its own strategy for rescuing the foundering financial system. Two weeks after persuading ...
Bush, foreign financial officials try to calm nervous investors - Boston GlobeWASHINGTON - President Bush and the world's financial leaders staged repeated displays of unity yesterday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action. While ...
Obama inclined to support Wall Street bailout - Miami HeraldWASHINGTON -- Democratic presidential nominee Barack Obama said Sunday his Republican rival deserves no credit for helping to forge a tentative agreement on the $700 billion bailout of Wall Street. Instead, Obama said he deserves credit for making ...
China holds the key to world economic crisis - The AgeBut Beijing stands to lose plenty if it abandons its US Government investments. S O THE G7 leaders have vowed to "take all necessary steps" to stop the world's financial immolation. That's good news. But first they are doing whatever is necessary to ...
Bank rescue plan to test capitalism - Los Angeles TimesThat question is swirling around the federal government's latest proposed intervention in the private financial markets since Treasury Secretary Henry M. Paulson announced Friday a plan to take equity stakes in banks as a quick and efficient way to ...

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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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