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The Big Apple - Washington Post
NEW YORK -- This big, brash, in-your-face city suddenly seems to have lost its mojo. At the beginning of the year, there was supercharged hype over the possibility that two, even three New Yorkers may be squaring off against one another for president ...

Did McCain Get His Mortgage Plan From Hillary Clinton? - The Washington Independent.com
Here’s more history on Sen. John McCain’s mortgage plan, this time from The Wall Street Journal’s blog. Apparently, the idea has an interesting history: It actually is a plan that has been proposed before–and pitched again twice in the past ...

The Big Apple Loses Luster Wall St. Meltdown Caps a Streak of Defeats ... - Washington Post
NEW YORK -- This big, brash, in-your-face city suddenly seems to have lost its mojo. At the beginning of the year, there was supercharged hype over the possibility that two, even three New Yorkers may be squaring off against one another for president ...

McCain's plan for troubled home loans called impractical - Newsday
WASHINGTON - John McCain 's proposal to have the federal government directly buy and refinance troubled home loans would cost about $300 billion, his campaign said yesterday, as the plan was criticized in light of the scale of the mortgage meltdown ...

McCain's Plan Calls for Government to Buy Mortgages (Update3) - Bloomberg
Oct. 8 (Bloomberg) -- Republican presidential candidate John McCain is proposing the government divert some money set aside for buying mortgage securities and instead purchase home loans. The plan would help homeowners in danger of foreclosure ...

Richardson on Clinton: A ‘Permanent Fissure’ - New York Times Blogs
New Mexico Gov. Bill Richardson and former President Bill Clinton used to be close. Mr. Clinton tapped him to be both ambassador to the United Nations and the secretary of energy during the former president’s second term. And when times got tough ...

McCain’s $300 Billion Mortgage Plan: Better Than the $700 Billion ... - Wall Street Journal
At last night’s Presidential Debate, John McCain dropped an economic bomb: he suggested that the United States Treasury should buy up mortgages and renegotiate their terms . McCain quickly planted his flag on it. “This is not President Bush’s ...

McCain fleshes out his plan to buy mortgages - St. Petersburg Times
In a debate that featured rehashed candidate positions, one new policy emerged: Sen. John McCain's proposal to have the government buy and renegotiate "literally millions" of mortgages on houses whose values have dropped and whose owners are ...

Feds have few tools left to fix credit crisis - Detroit News
The commitment of $700 billion didn't impress markets here and around the world. Neither did fresh interest rate cuts. Stocks plunged yet again on Thursday -- this time by 679 points. The government still has some unused options -- such as buying up ...

John McCain's new foreclosure plan is a giveaway to the banks - New York Daily News
Tuesday night, reaching for a populist answer to the economic crisis that has put the country and incidentally his campaign on its heels, John McCain said that were he President, "I would order the secretary of the treasury to immediately buy up the ...

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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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