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Iceland suspends stock trading, creates new bank - Fremont TribuneREYKJAVIK, Iceland - Iceland suspended trading on its stock exchange for two days and took control of the country's largest bank _ the third to be placed under its protective umbrella _ on Thursday as it grappled with a banking crisis that is ...
Attorney general offers little help with questionable refinance offers - Patriot LedgerRefinance your adjustable-rate mortgage now and say goodbye to your financial nightmares forever, the offer says. But is it legitimate? Offers like that are showing up in the mailboxes of homeowners, but it’s hard to tell which are ...
Calif. governor vetoes mortgage bill - CNN MoneySACRAMENTO (AP) -- Gov. Arnold Schwarzenegger has vetoed a bill that would have prohibited some of the lending practices advocates say contributed to the downturn in California's housing market. The legislation would have banned negative amortization ...
Subprime's Black Tuesday? - SalonRepeat after me: On Tuesday, the "triple-B-minus-rated tranche of the ABX index" dropped to a new record low. Even if you have no idea what that means, it's kind of fun to say, although thinking about it too long may bring on a bad case of the heebie ...
Lenders raise bar for some borrowers - Raleigh News & ObserverStated income loans: W2 forms, pay stubs, tax returns and Internal Revenue forms are not required. 80/20 option loan: The first mortgage is provided for 80 percent of the cost of the home, and the piggyback second mortgage is for the remaining 20 ...
Deals of the Day: Treasury Scrambles to Help Lehman Find A Buyer - Wall Street JournalSpeed dating: Lehman was actively shopping itself to potential buyers that include Bank of America. The Fed and Treasury have been working with Lehman to help resolve the bank’s troubles. [ WSJ ] Related: Seeking to avoid putting public money into ...
Cannery partners did it their way - Las Vegas SunBill Paulos and Bill Wortman, known to friends and colleagues at their Cannery Casino Resorts as “The Bills,” are interchangeable. If one Bill is busy and a decision needs to be made, the other Bill will make it for him. To understand how these ...
Bailout skips strapped homeowners, advocates say - San Jose Mercury NewsOct 6: Citigroup sues Wachovia, Wells Fargo for $60 billion Bush: Bailout plan will take some time Oil falls under $90 as financial turmoil spreads Wall Street tanking amid global sell-off Treasury announces plan to boost debt auctions Fed says it ...
The Conservative Origins of the Sub-Prime Mortgage Crisis - Common DreamsHardly a day goes by without a news story about the accelerating number of foreclosures, an economic tsunami that is causing chaos in the housing and stock markets, the banking industry, and the global money markets, not to mention upending families ...

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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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