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County home sales worst in the state - Portsmouth Herald
Local experts agree, saying the decline is a part of a cycle in which the market gets a boost, declines, falls flat and then heads back up again. John Rice, president of the Seacoast Board of Realtors said he found it a bit surprising that the NHAR ...

Top National News Right Now - WPRI
BRUSSELS, Belgium (AP) - Secretary of State Condoleezza Rice says NATO will not allow Russia to destabilize Georgia, intimidate other pro-Western governments in the former Soviet bloc or re-establish an Iron Curtain across Europe. Speaking to ...

Subprime Lending Hurts Homeowners - Social Funds
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...

Lenders need new financing - Raleigh News & Observer
They are long-term securities that behave like short-term bonds. Once the securities are issued, banks hold weekly or monthly auctions to set the interest rates that the securities must pay. The auctions also give holders the option of selling the ...

Bernanke remedies fall short, experts say - Daily Oklahoman
Federal Reserve Chairman Ben Bernanke 's attempt at moral suasion Tuesday hit Oklahoma lenders as redundant and doubtful — and academic, since Oklahoma, so far, is sitting out the national mortgage crisis. Stoops on thin ice with Jarboe Jarboe ...

Bipartisan energy bill a bad effort - North County Times
If Patricia McFarlane (Letters, Feb. 25) had bothered to read the Energy Independence and Security Act, she might not have agreed with Nick Leibham. She states "that bill was a bipartisan effort." Fourteen Republicans voted for it, and seven ...

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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