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Corporate report - Herald TribuneVisteon Corp. -- The automotive supplier said Friday it would shift more than 2,000 workers to a four-day week and cut their pay by 20 percent as tight credit and collapsing sales cause huge industry losses. The moves will begin on Monday and affect ...
National business briefs: Investor group agrees to buy IndyMac Bank - Kansas City StarA seven-member group of investors has agreed to buy the remnants of failed lender IndyMac Bank , a symbol of the housing boom and bust, for $13.9 billion, federal regulators said Friday. A holding company led by Steven Mnuchin, co-chief executive of ...
Business Highlights - Fort Worth Star-TelegramNEW YORK (AP) - Wall Street started 2009 with a big rally Friday as investors, brushing aside a disappointing report on manufacturing, sent the Dow Jones industrials up more than 250 points and to their first close above 9,000 in two months. All the ...
NEWS IN BUSINESS: Wall Street rallies...GMAC gives up some financing ... - Grand Forks HeraldWall Street rallies: Wall Street started 2009 with a big rally Friday as investors, brushing aside a disappointing report on manufacturing, sent the Dow Jones industrials up more than 250 points and to their first close above 9,000 in two months. All ...

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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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