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German tycoon Adolf Merckle commits suicide - Reuters
BLAUBEUREN, Germany (Reuters) - German billionaire Adolf Merckle who was hit by a train on Monday evening killed himself, unhinged by financial turmoil and struggling to salvage his business empire, his family said on Tuesday. Media-shy Merckle ...

Is now the time to refinance? - ABC Action News
The holidays are likely to be a little more cheery at Kevin Coughlin's home. Coughlin refinanced the adjustable-rate mortgage on his Shorewood, Minn., house this week into a 30-year fixed-rate mortgage that's going to save him $200 a month. "It takes ...

IDBI Bank SPV for NBFCs may get CCEA nod - Economic Times
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) is likely to approve the proposal to set up a new special purpose vehicle (SPV) for infrastructure financing to non-banking finance companies (NBFCs) at its meeting on Friday. The proposed ...

Refinancing Boom Encourages Banks - WBOC
SEAFORD , Del. - Mortgage rates are at a 37-year low and many homeowners are taking advantage of the dip in interest rates to refinance. Lenders say December was their best month in six months. "It's going to improve, if nothing else, our standing in ...

Situations determine refinancing - Fayetteville Observer
Should you refinance? It depends on your situation. How much do you still owe? How long do you expect to stay in your home? Are lower payments a priority? Janiece Brewer, owner of Liberty Point Mortgage and vice president of the Mortgage Bankers ...

Borse Dubai May Refinance $2.5 Billion Loan as Credit Eases - Bloomberg
Jan. 8 (Bloomberg) -- Borse Dubai Ltd. may be the emirate’s first state-owned company to tap banks to refinance a multibillion-dollar loan since September, a sign interest rates have returned to levels companies are willing to accept. Borse Dubai ...

Don't miss the refinance window - HometownAnnapolis.com
CHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5 ...

Govt to focus on IIFCL refinance - Central Chronicle
New Delhi, Jan 5: The government will focus on utilisation of refinance facility extended to IIFCL to provide Rs 75,000 crore for the infrastructure sector projects with a view to arrest economic slowdown, Planning Commission Deputy Chairman Montek ...

Fitch Takes Various Actions on COMM 1999-1; Assigns Outlooks - PR Inside
-- $26.2 million class J at 'BB-'; Outlook Negative. Fitch does not rate the $4.7 million class L certificates. Classes A-1, A-2, B, C, D, E and F have paid in full. The downgrade and assignment of a DR rating to class K is the result of expected ...

'Govt to focus on IIFCL refinance to pump in Rs 75k cr' - Zee News
New Delhi, Jan 05: The government will focus on utilisation of refinance facility extended to IIFCL to provide Rs 75,000 crore for the infrastructure sector projects with a view to arrest economic slowdown, Planning Commission Deputy Chairman Montek ...

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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.

    View all Terms
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