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Paulson Says Utility Model Better For Fannie, Freddie - The Bulletin
Treasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility-like companies that would guarantee mortgages without maintaining investment portfolios. “A public utility-like mortgage credit guarantor could be the ...

Freddie Mac report: 30-year mortgage rates are in free-fall - Toledo Blade
WASHINGTON - Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking nearly 38 years ago. Rates have been falling since late November, when the Federal Reserve ...

Moody's reaffirms A3 stable bond rating for Monongahela Valley ... - Pittsburgh Business Times
Moody’s Investors Service has reaffirmed an A3 stable rating for $12.4 million 2000 issue bonds for Monongahela Valley Hospital. The rating is based on the hospital’s strong balance sheet, market share and operating revenue growth, according to ...

In Rough Economic Times, an Unlikely Hero: the Taxman - FOX News
WASHINGTON -- As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to ...

Fairfax County plans $250M in bond sales - Washington Business Journal
Fairfax County plans one of the country’s biggest January municipal bond sales, hoping to raise a total of $250 million. The County will sell the bonds through competitive bidding among underwriters on Jan. 13 and 14, according to Bloomberg data ...

U.S. banks offer mortgage rates below 5% as Fed buys securities - Daily Business Review
he largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. JPMorgan Chase is advertising 30-year mortgages as low as 4.75 percent on its Web site ...

U.S. Banks Offer Mortgages Below 5% After Fed Action (Update1) - Bloomberg
Jan. 8 (Bloomberg) -- The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. JPMorgan Chase & Co. is advertising 30-year mortgages as low as 4 ...

An expensive wake-up call - Argus Leader
WASHINGTON - For anyone taking stock of 2008, Barack Obama is the inevitable choice as Person of the Year. But he's not the only American whose story suggests that this thrilling, dramatic, unforgettable year will be seen as a demarcation of grand ...

Cramer on BloggingStocks: Mnuchin deal for IndyMac is a great sign - Bloggingstocks.com
TheStreet.com's Jim Cramer says we need the private sector to get involved. We got out of the 1989-1990 S&L debacle -- which, we often forget, wiped out almost every savings and loan besides Golden West and Washington Mutual (and we know how those ...

Realty company tied to medical mart project is asking for federal ... - Cleveland Plain Dealer Blog
John Kuntz/Plain Dealer file According to its proponents, a medical mart and new convention center would help revitalize Cleveland. Cuyahoga County has pinned its hopes for the medical mart on a private-sector partner whose owners are warning the ...

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Today's Mortgage Terms starting with N

  • Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
  • Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

    View all Terms
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