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Financial News
The Credit Squeeze Hits Global Properties - BusinessWeek
by Carol Matlack First came the U.S. housing bust. Now comes the overseas aftershock. As the global financial system reels from the credit crunch, skyscraper projects have stalled in London, Tokyo developers have gone belly-up, and Indian office ...

R.I. foreclosure rate accelerates in second quarter - Providence Journal
Foreclosures accelerated nationwide during the second quarter, with an estimated 1,700 mortgages in Rhode Island falling into foreclosure proceedings, according to a national report released yesterday by the Mortgage Bankers Association in Washington ...

How Would You Grade John McCain’s Speech? - Wall Street Journal
John McCain seized the Republican nomination by pledging to rise above Washington’s acrimony as president and strike a new tone by reaching across partisan divides. The pledge, made on the closing night of his party’s convention, was designed to ...

A credit trap for consumers - Baltimore Sun
Susan Crandall thought she had stellar credit, until computers at one of the nation's powerful credit reporting agencies decided she had serious money troubles. Crandall lived 50 miles from a woman who had filed for bankruptcy. They had similar names ...

Mortgage Crisis - OpEdNews.com
Rowan Wolf: The Fines We Pay (4 comments) It is considerate of us to front the money to investment banks to pay the fines for being crooks. Bob Herbert: Cause for Alarm (1 comments) David Boren, a former U.S. senator who is now president of the ...

Minorities Hit Hardest by Housing Crisis - Common Dreams
LOS ANGELES - In May, Alvin Clavon received a foreclosure notice on the simple, Spanish-style house in South Los Angeles that he shares with his wife and three boys. Clavon bought the place in 2003 with a fixed-rate loan. They painted the walls ...

The Boom Was a Bust for Ordinary People - Common Dreams
I t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...

Health care costs hitting harder for Washington residents - Everett Herald
More than a million people in Washington state -- about one in four adults under age 65 -- are expected to spend more than 10 percent of their income on health care next year, according to a national study released Tuesday. The increase in health ...

Should you buy now or wait? - Houston Chronicle
As an Inner Loop RE Broker, I want to point out a buy now or later decision effects some but not all. Many people are moving in to the area, marrying/divorcing/expanding their family, etc and they may need to buy now regardless of what may be ...

Why Do Minorities Receive More Subprime Mortgages? Can You Say ... - Social Funds
A new Center for Responsible Lending study shoots holes in industry rationale that bad credit histories of African-Americans and Latinos account for disproportionate subprime mortgages. SocialFunds.com -- In September 2005, the Fed released year 2004 ...

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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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