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News about Mortgages:
Government Announces New Program for At-Risk Mortgages - Washington PostThe government and mortgage industry -- including federally run mortgage finance giants Fannie Mae and Freddie Mac -- today announced a new streamlined system for modifying the mortgages of hundreds of thousands of borrowers to avoid foreclosure ...
The Underwhelming Frannie Loan-Mod Plan - Seekingalpha.comThe Frannie loan-mod plan has arrived , and it's not particularly exciting. Among the more obvious problems: It applies only to mortgages owned by Frannie ( FRE and FNM ), which means, by definition, that it doesn't include subprime mortgages. FHFA ...
Holes in the New Fannie/Freddie Loan Mod Plan - US News and World ReportIn a great post yesterday, Felix Salmon calls Fannie and Freddie’s new loan mod plan “ not particularly exciting ,” and outlines some of its holes. From Market Movers : It applies only to mortgages owned by Frannie, which means, by definition ...
Taxpayers may be on the hook for millions of dollars in legal bills ... - Minneapolis Star TribuneBarny Frank and C Dodd, who fought against more oversight for Frannie/Freddie, in order to facilitate massive bonuses for their buds who … read more headed these entities, will likely ride off into their little sunsets on this one. I find it oh so ...
N.J. orders six to stop using titles from 'diploma mills' - Newark Star-LedgerNew Jersey Higher Education Commission members ordered six more educators to stop using doctoral titles. That brings to nine the number of educators who officials believe obtained degrees from unaccredited institutions. The latest group includes an ...
MBA becomes lab work at Tuck School - Union LeaderHANOVER – As stock markets swing wildly and credit markets founder under the weight of the sub-prime mortgage crisis, graduate students at Dartmouth College's Tuck School of Business are getting a crash course in the interconnectivity that ...
Bailout woes keep growing - Fort Dodge MessengerSome companies receiving money through the government's program to "bail out" beleaguered financial institutions do not seem to have been in trouble at all. They are using the funds to get bigger and richer through acquisitions of other firms. We do ...
Who's Really Injecting Presidential Politics? - American ThinkerAt a Capitol Hill press conference this morning, Harry Reid first insisted Barack Obama's "principles of fairness" be considered in any negotiations, then had the gall to blame yesterday's breakdown on John McCain for "injecting presidential politics ...
John McCain plan rewards greed, says Barack Obama - Times OnlineBarack Obama accused John McCain of being erratic and unsteady yesterday, intensifying an aggressive counter-attack against the assaults on his character and background that have been hurled at him in recent days by the Republican’s campaign ...
Housing Crisis: The Fed's Helpless - Seekingalpha.comHalloween started early this year with a televised speech by the Fed's bearded chairman, Ben Bernanke. Recognizing that the problems in the biggest debt bubble of all times are far from over, Bernanke appeared helpless when offering several options ...
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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