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Bellingham man's adjustable mortgage became money trap - Bellingham Herald
Like millions of his fellow Americans, Francisco Caceres of Bellingham took advantage of an adjustable rate mortgage to help him buy a house with a monthly payment he could afford. Caceres said he got his first adjustable mortgage seven years ago and ...

Malls, hotels next victims in new mortgage crisis - Bellingham Herald
The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full swing, the ...

From the police report... - Spokane Spokesman-Review
State Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

Critics say new federal mortgage plan not enough - Bellingham Herald
Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds sweeping in its ...

Meltdown far from over, new mortgage crisis looms - Bellingham Herald
Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the ...

Horizon Financial Reports Fiscal Second Quarter of 2009 Results ... - MSN MoneyCentral
BELLINGHAM, Wash., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Horizon Financial Corp. (Nasdaq:HRZB) today reported it remains well capitalized and set aside additional provisions for potential future loan losses in its fiscal second quarter ended September 30 ...

Wanting to divorce, but unable to afford it - MSNBC
The economic crisis may be doing what pastors, family therapists and matrimonial counselors have long struggled to accomplish: keeping troubled marriages together. Marriage counselors and divorce lawyers nationwide say more distressed couples are ...

U.S. Interest in Shariah Finance Opens Dangerous Doors, Critics Say - FOX News
Shariah-compliant banking, sometimes called Islamic banking, is growing in popularity in the Western and Islamic worlds. But critics say American interest in the system at a time of economic crisis is opening the door to increased Islamic influence ...

Joe the plumber is real hero of the debate - Times Online
They clashed on the economy and scored points off each other on negative campaigning. But in the end, the real star of the third and final presidential debate was neither John McCain nor Barack Obama but a small town plumber called Joe. Joe ...

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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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