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FDIC will guarantee up to $1.4T in bank debt - Associated PressWASHINGTON (AP) -- Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt in a bid to get the distressed financial system pumping again. They also took steps Friday to make it easier for private investors to buy banks seized ...
Guidelines make mortgages easier to understand - Palm Beach InteractiveWASHINGTON — Prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules issued this morning by the federal government. The Department of Housing and Urban Development overhauled a 1974 law requiring ...
Freddie Mac Posts $25 Billion Q3 Loss, Seeks Government Funding - All Headline NewsWashington, DC (AHN) - Freddie Mac announced Friday it lost $25.3 billion in the third quarter and requested the government tap into the $200 billion guaranteed by the Treasury to keep it and Fannie Mae afloat. The mortgage giant, by way of the ...
Housing industry seeks U.S. mortgage subsidies - San Francisco GateSunday, November 16, 2008 How about a mortgage at 2.99 percent fixed rate for 30 years for anyone who purchases a home before July 1? Or how about a nonrepayable federal tax credit of 10 percent of the home price up to $22,000? Would enticements like ...
How about a mortgage at a 2.99% fixed rate? - Miami HeraldHow about a mortgage at a 2.99 percent fixed rate for 30 years for anyone who purchases a home before next July 1? Or how about a non-repayable federal tax credit of 10 percent of the home price up to $22,000? Would enticements like these be ...
Carmakers’ crisis deepens Detroit’s despair - Las Vegas SunWhile U.S. automakers wait for federal action on loans they say are key to their survival, former restaurant worker Richard Thomas is waiting on his own bailout _ odd jobs that barely pay the bills. "Every single thing that goes on in my household ...
Fannie Mae Holds 21st Annual Help the Homeless Walkathon - Finanz NachrichtenWASHINGTON, Nov. 22 /PRNewswire-FirstCall/ -- Today, November 22, thousands of people from the D.C. metropolitan area came together on the National Mall for the 21st annual Help the Homeless Walkathon. The Help the Homeless Program provides ...
Mitch Schnurman: Mortgage bailout is good for everybody - Fort Worth Star-TelegramIt sounds heartless, maybe even bitter, to ask the question: Why should we rescue people who aren’t making their home payments? Foreclosures are a huge problem, no doubt. Yet the vast majority of Americans are paying their mortgages on time, even ...
Slowly, mortgage help comes - Buffalo NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...
Analysis: Obama Treasury choice could calm markets - Associated PressThe presidential transition may be adding to the uncertainty roiling the financial markets. In fact, knowing the names on President-elect Barack Obama's economic team may prove more helpful in calming those stormy markets in the short term than ...
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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