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US government to take over Fannie Mae, Freddie Mac (Roundup) - Monsters and Critics
Washington - The US government was preparing to take over the twin mortgage finance giants known as Fannie Mae and Freddie Mac, dismiss their top executives and prop up the companies with government funds, with an announcement likely as early as ...

How Would You Grade John McCain’s Speech? - Wall Street Journal
John McCain seized the Republican nomination by pledging to rise above Washington’s acrimony as president and strike a new tone by reaching across partisan divides. The pledge, made on the closing night of his party’s convention, was designed to ...

Fewer Kings County people living in poverty - Hanford Sentinel
Kings County's poverty rate last year took a sharp nose dive from 21.6 percent to 15.1 percent, one of the steepest drops in decades, according to 2007 census data released this week. A surge in farmwork hiring has pushed down what was once a ...

Obama's plan to change the economy - Salon
In the past quarter-century, there has probably never been a better time for a presidential candidate to charge into downtown Manhattan and make a speech arguing for more regulation of the financial industry. The moral authority of market ...

Billionaires Up, America Down - Common Dreams
When it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit ...

ETFs: The Greatest Invention Since Mutual Funds - CNBC
Allow me to introduce you to Exchange-Traded Funds. First brought to the market in 1993, this newest breed of investment company 50 looks like a mutual fund but has important distinctions. Most important, you don't buy ETFs from a fund company ...

Home foreclosures hit record high - Daily Oklahoman
Topic Dog mauls, kills infant in Tulsa home Stoops on thin ice with Jarboe Jarboe dismissed from OU football team McCoy has a tip for Bradford Infant killed by lab identified; dog euthanized Moore man dies after car crashes into... Dog sex tapes lead ...

Slowly, But Not So Surely - Forbes
Members of Congress are ready to dig homeowners out of the foreclosure avalanche. They're just not unified on where to break ground first. On Tuesday, House Ways and Means Committee Chairman Charles Rangel, D-N.Y., introduced a bill that would give ...

Housing boom - Egypt Monthly
Splashy billboards around Cairo advertise new housing developments on the capital’s outskirts that embody a family-friendly suburban lifestyle. In one, a young couple gaze from their villa’s balcony onto a backyard pond, where their young boy is ...

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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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