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Conference puts focus on foreclosure amid calls for feds to refinance ... - Maryland Daily Record
In the last three months, the meltdown of Wall Street institutions and Congress’ $700 billion bank bailout package have knocked the subprime mortgage and foreclosure crisis off the front pages of newspapers nationwide. On Wednesday in Baltimore ...

Paulson says bailout not for mortgage guarantees - Seattle Post Intelligencer
WASHINGTON -- Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben Bernanke ...

Paulson, Bernanke defend $700 billion bailout - Associated Press
WASHINGTON (AP) -- Treasury Secretary Henry Paulson told Congress Tuesday he opposes tapping a $700 billion taxpayer-funded bailout pool to help struggling U.S. automakers. Paulson and Federal Reserve Chairman Ben Bernanke were on Capitol Hill ...

world news - Euro News
In Argentina, the Senate has approved the state takeover of the country’s private pension schemes, in a move which could protect people from the stock market chaos but also threaten their long-term income. The government says it is resuming its ...

Employee robbed at Citgo on northwest side - Milwaukee Journal Sentinel
The man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...

Congress may have to approve a 'TARP 2,' economist says - Bloggingstocks.com
With credit markets remaining under stress, and with uncertainty growing regarding the status of megabank Citigroup (NYSE: C ), the U.S. Congress may have to take more action to maintain financial system stability and prevent the U.S. economy from ...

Huntley acts to secure longtime resident's home - Courier News
HUNTLEY -- An ordinance unanimously approved by the village board recently will keep longtime resident Mary Ellen Moerke from being forced to leave her home. "I don't like having a threat hanging over my head," Moerke said. "I get to stay there until ...

Turkey Reduces Interest Rates in Surprise Move Called Risky - Wall Street Journal
Turkey's central bank cut interest rates Wednesday to spur fast-slowing-economic growth, a move that surprised investors because of the country's heavy reliance on foreign investment and a recent plunge in its currency. The central bank cut its core ...

Share Slump Tests Citi Limits - Wall Street Journal
What happens next for Citigroup will have ramifications for the global financial system. The last acts of the current U.S. administration, which already has spent billions of dollars trying to contain the financial crisis, could prove pivotal ...

Tekni-Plex Reports Continued Progress in Restructuring - PR Inside
Tekni-Plex, Inc. announced today that it continues to make progress in the financial and operational restructuring it initiated earlier this year. Following a debt-for-equity exchange, completed in June, that eliminated more than $300 million of debt ...

Today's Mortgage Terms starting with T

Term: The period of time in which a loan must be paid off.

Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

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