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New mortgage scheme offers hope - BBC Business
There's a new plan in the pipeline to stop people who've lost their jobs from losing their homes as well. Working Lunch's Simon Gompertz looks at how the government's Homeowner Mortgage Support Scheme might work

Countrywide must pay back $12 million - Raleigh News & Observer
Homeowners entitled to refunds from Countrywide should receive their checks within 60 days. To check whether you're eligible, call the state bank commissioner's consumer complaint hot line at 888-384-3811. Mortgage lender Countrywide Financial Corp ...

My brother Simon Cowell - the little kid with the X-tra large ego - Daily Mail
No-one knows Mr X Factor better than his brother Tony Cowell. Here he reveals all about Simon's rebellious childhood, his strange obsession with mirrors and why he really dumped his girlfriend. Tony Cowell is the spitting image of his younger brother ...

Interest rates fall; economist disagree of effects - Riverside Press Enterprise
A plunge in mortgage interest rates has triggered a burst of applications for refinancing that real estate industry analysts hope will fuel home sales and lead to a housing recovery. However, some industry observers said they do not believe lower ...

Brown offers help for mortgage strugglers - MyFinances.co.uk
Using Mortgage Finder to find the best mortgage and remortgage deals could save you thousands of pounds. Find the right cheap mortgage or cheapest remortgage. Gordon Brown has promised "action to help struggling homeowners", in the debate after the ...

Lloyds says Bank of Scotland, Halifax brands key - Guardian Unlimited
LONDON, Dec 5 (Reuters) - British bank Lloyds TSB plans to employ a multi-brand strategy, centred on Halifax, Bank of Scotland and Lloyds TSB, once its takeover of HBOS Plc completes next month, it said on Friday. The bank said it will have "a ...

Underwater mortgages a maze of headaches for homeowners - Indiana Gazette
David Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it. The Colorado resident and his wife have struggled the past two years to carry not one but two homes valued at less than what's owed ...

Dealing with underwater mortgages - Denver Post
David Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it. The Brighton-area resident and his wife have struggled the past two years to carry not one, but two, homes valued at less than what ...

UK mortgage holiday 'could help only 9,000' - Times Online
A scheme to cut house repossessions by offering struggling homeowners a mortgage holiday of up to two years is only expected to help about 9,000 people, Margaret Beckett, the Housing Minister, said today. That figure represents only a small fraction ...

Mortgage lending sinks as banks continue to hoard cash - Daily Telegraph
The official figures from the Bank of England suggest that despite banks being under intense political pressure to start lending to consumers, they approved just 32,000 home loans in October, down from 33,000 in September. This matched August's ...

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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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