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AP Analysis: Obama free to change US-Cuba policy - Associated PressHAVANA (AP) -- Barack Obama will be the first American president in nearly 50 years to have a relatively free hand in deciding whether to ease punitive Cold War-era policies toward communist Cuba, and the foreign policy team he announced this week ...
Loan modification plans can be made to work - Financial TimesFrom Mr Sanford Rose. Sir, Lex ("US mortgages", November 20) notes that in theory the total cost of mortgage writedowns should fall short of that of mortgage defaults. But what is the cost of these defaults? Since they are the proximate cause of the ...
Putting Your House to Work - Wall Street JournalFaced with rising expenses -- and declining home values -- homeowners are finding creative ways to squeeze money out of their houses. See the complete Your Money Matters report. Some are renting their place out to boarders, or to film crews who want ...
Exclusive: Real World Solutions to Looming Fiscal Crisis - Family Security MattersPeople in my Republican club are going fruitcakes over an article by the Governor of South Carolina, Mark Sanford. In it, he concludes: “It’s not only imperative that our party returns to its fiscally conservative roots but that we do so soon. As ...
Easy Credit Isn't So Easy Anymore - Washington ExaminerDetroit's Big Three automakers are back in town today, hat in hand, begging for $25 billion or more in government aid. And that reminds me of a reality that may shock a lot of very smart and sophisticated people in places like Washington, D.C., New ...
What's next for the GOP? - Politico.comIn this regard, the tent cannot be so big as to include political franchisees who don’t act on the core tenets of conservatism — and as a consequence harm the brand and undermine others’ work on it. Finally, we need to look toward the states ...
Goldman heads for $2.2bn quarterly loss - Financial TimesGoldman Sachs faces a fourth-quarter loss of up to $2.2bn, its first quarterly loss as a listed company, analysts said on Tuesday. In a spate of reports after the official close of Goldman’s fiscal 2008, several analysts said they expected losses ...
Obama offers 'ready ear' to Republicans - MSNBC FirstreadDuring a meeting with many of the nation's governors and Vice President-elect Biden , President-elect Obama offered Republican governors a "ready ear." "I offer you the hand of friendship, the same commitment to partnership as I do my Democratic ...
NZ sharemarket posts modest gains - National Business ReviewThe New Zealand sharemarket posted modest gains as governments continued to move to fix market excesses. US investors were encouraged by a $US800 billion ($NZ1.5 trillion) Federal Reserve plan to buy mortgage-related debt and back consumer loans. New ...
REAL ESTATE - News-Democrat• 2000 S. 11th St.; from Beverly Elge, trustee; to Gregory Harris; $30,000. • 318 W. Cleveland Ave.; from Christy L. Hancock and Roger L. Hancock; to Paul Steigerwald; $75,000. • 6 Pageant Court; from Mary J. Daugherty; to John Brown and Kylee ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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