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Banking trends mix comfort with pain - St. Petersburg Times
Let's call it the good, the bad and the ugly side of banking. Mortgage rates are dropping. That's good because lower mortgage rates make already-cheaper housing more affordable. For existing homeowners, lower rates can mean an opportunity to ...

Bernanke: more action needed to cut foreclosures - International Herald Tribune
WASHINGTON : Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into America's deep economic troubles. Although a flurry of actions have been taken to ease ...

Bernanke Calls for Action to Stem Home Foreclosures - FOX News
WASHINGTON -- Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been taken to ...

Desperate Times, Desperate Policies - Forbes
Awful news has greeted Americans in recent days: free falling consumption spending, collapsing new home sales, falling consumer confidence, very high initial claims for unemployment benefits, collapsing orders for durable goods. It is hard to get any ...

Bernanke seeks foreclosure action - Contra Costa Times
WASHINGTON — Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been taken to ...

Debt-hit Dublin pubs seek bankruptcy protection - WTOP Radio
DUBLIN, Ireland (AP) - Dublin 's premier pub-running company won bankruptcy protection Friday in a surprising sign that Ireland 's credit crunch is pushing even the most liquid of businesses to the breaking point. High Court Justice Brian McGovern ...

Back pages on night of frustration - This Is Anfield
It’s early December and we find ourselves at the top of the Premier League table, a point ahead of Chelsea and six ahead of Manchester United. Happy days. But last night’s goalless struggle at home to West Ham did not look like the sign of a ...

Reassurance from Ford cheers markets - Patriot-News Blogs
WASHINGTON -- Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but the company says it doesn't expect to tap it. Ford's plan appeared to comfort investors, as markets rose this morning. The Dow ...

Borrowers could face $10,000 switch slug - ninemsn
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 ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...

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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.

    View all Terms
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