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U.S. Must Act on Home Loan Help, Bernanke Says - Washington Post
The government needs to move much more aggressively to help people avoid losing their homes to foreclosure, Federal Reserve Chairman Ben S. Bernanke said yesterday, trying to boost efforts that had stalled in recent weeks. Bernanke spoke approvingly ...

Bernanke: more action needed to cut foreclosures - KTAR.com
WASHINGTON (AP) - 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 ...

Kashkari: Treasury considering mortgage rate plan - Charleston Gazette
WASHINGTON (AP) -- The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the ...

Bernanke Says Government Must Step Up Efforts on Foreclosures - Bloomberg
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government must step up efforts to prevent home foreclosures, with options including buying delinquent mortgages and providing bigger incentives for refinancing loans. The ...

US economy sinks deeper as layoffs mount - PR Inside
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the United States deeper into recession. Beaten ...

Mortgage plan shows increased gov't role - Salon
Dec 4th, 2008 | WASHINGTON -- If you're looking for a mortgage, Uncle Sam may be the only game in town. The government has already increased its share of the mortgage market to around 90 percent from around 55 percent last year as Wall Street licks ...

FDIC's Bair warns investors fighting loan changes - Miami Herald
WASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the Federal ...

Bernanke urges action to halt foreclosures - Boston Globe
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners. "Despite good-faith efforts by both the private and ...

FDIC chief Bair says investors fighting loan changes could provoke ... - Los Angeles Times
WASHINGTON (AP) — Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the ...

UPDATE 2-Bernanke says need to do more to halt foreclosures - Reuters
WASHINGTON, Dec 4 (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners. "Despite good-faith efforts by both the ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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