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News about Mortgages:

Bad for the store, bad for the mall - Marketplace.publicradio.org
Scott Jagow: Over the weekend, shopping mall owner General Growth Properties avoided bankruptcy -- barely. It got a two-week extension on -- you guessed it -- mortgage loans. More from Nancy Marshall Genzer. Nancy Marshall Genzer: General Growth ...

Lower Mortgage Rates Are Not the Answer - Wall Street Journal
On Tuesday, the government announced an $800 billion plan to stimulate the economy by buying $600 billion worth of mortgage-backed assets and $200 billion in consumer-debt securities. The intent is to make it easier for consumers to buy cars, pay for ...

NIALL FERGUSON ON OBAMA AND THE GLOBAL CRISIS - Der Spiegel
In a SPIEGEL interview, British historian Niall Ferguson discusses Barack Obama's historical election, Europe's hopes for the new president, the consequences of the economic crisis and his idea of "Chimerica" -- the economic alliance between Beijing ...

Home Builders Make Plea for Federal Aid - Wall Street Journal
Struggling U.S. auto makers left Washington empty-handed after weeks of pleading for a handout, but that hasn't deterred home builders from stepping up to lobby Congress for help. But any federal assistance would require policy makers to figure out ...

Credit for home buyers begins to thaw - Herald Tribune
A hard freeze crippled the credit market in September, leaving borrowers scrambling for mortgages. But with the huge moves that the federal government has made to encourage banks to make loans, mortgage lending has thawed in recent weeks. Buyers with ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Before the Health Blog signs off for the day, we thought we’d consult with the American health establishment on a pressing question: What to ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Medical Debt Sending Many Over Financial Brink - Washington Post
Resize TUESDAY, Oct. 28 (HealthDay News) -- Since 1999, Keith and Deborah Krinsky of Magalia, Calif., have seen their health insurance deductible soar from $1,000 to $10,000. And their health-care costs have put them in a financial hole. A ...

CONSUMING FIRE - New York Post
Consumer spending - the jet fuel that supplies 70 percent of the economic activity in this country - is in danger of being choked off, the result of mounting credit card debt and falling house prices. While the subprime mortgage meltdown and its ...

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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