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HUD backs plan to save homes in foreclosure - Journal-News
HAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure. Central to the county's plan is an untested initiative to keep ...

Qamp&A: Anatomy of a recession - Newsday
A recession begins at the point at which the economy's last period of economic expansion peaks and begins to contract. It ends when the economy hits its low point, or trough, and begins an expansion. The National Bureau of Economic Research, a ...

Redevelopment of old Lynnwood High School 'solid,' school district ... - Everett Herald
LYNNWOOD -- Despite the economic downturn and the possible bankruptcy of an Alderwood mall owner, developers still plan to tear down Lynnwood High School and build a shopping center and hotel, Edmonds School District officials say. The long-term ...

Foreclosed, but not forgotten - Gilroy Dispatch
About 1 in every 15 homes in Gilroy is in some stage of foreclosure, according to an online realty service that monitors local data. In Gilroy, from January through October - the latest month for which data is available - 823 homes entered into ...

Letters to the Editor: Nov. 29 - State Journal-Register
On Tuesday, this paper published a letter charging Ameren with “changing its mind” on environmental controls. That letter is misleading and wrong. Ameren is as committed as ever to further reducing emissions from its power plants. Ameren’s ...

Borrowers face huge fees to switch loans - News.com.au
BORROWERS who fixed their mortgages earlier this year in the hope of beating rising interest rates could face a $10,000 fee if they want to take advantage of cheaper loans. Fortunate consumers on an average $250,000 standard variable home loan are ...

City Hall: Crime-fighting money coming, but with handcuffs attached - Union Leader
The Manchester Police Department will receive federal dollars next year to continue its fight against guns and drugs, the state's top police official said. But the money will come with some new restrictions. Col. Fred Booth of the State Police said ...

Timeline: U.S. Credit Crunch & Financial Failures - KNx 1070
NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...

State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-Review
In a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...

Hypo Real Estate Says Soffin Grants 15 Billion Euros (Update1) - Bloomberg
Oct. 31 (Bloomberg) -- Hypo Real Estate Holding AG, the lender that received a 50 billion-euro ($64.3 billion) bailout from the German government, said it received an additional 15 billion-euro guarantee to cover short-term cash requirements. The ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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