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News about Mortgages:

Financial crisis: Government to take majority stake in RBS - Daily Telegraph
A Sunday Times report says the UK's four largest high street banks will ask the government for a combined £35 billion . ; http://link.brightcove.com/services/link/bcpid1488655367/bctid1849080656 http://www.brightcove.com/channel.jsp?channel ...

Financial crisis: Darling ready to take control of banks - Daily Telegraph
The measure was among several being considered as Gordon Brown, the Prime Minister, is considering emergency steps to take majority stakes in large British banks in an attempt to avert the collapse of the industry. With markets in the US and Japan ...

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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