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Business as usual at Downey Savings - Los Angeles Times BlogsThe Downey Savings & Loan branch in Burbank seemed to be doing business as usual today, after reopening under its new ownership: Minneapolis-based U.S. Bank. Federal regulators seized Newport Beach-based Downey and PFF Bank & Trust late Friday, the ...
Down Goes Downey - MSN MoneyCentralCitigroup Inc ( C ) Stock Quote , Chart , News , Add to Watchlist Looks like all those option adjustable rate mortgages (ARMs) weren’t such a good idea after all: 1% teaser rates and loans that grow, rather than shrink, over time just aren’t ...
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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