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A Rush Into Refinancing as Mortgage Rates Fall - The Ledger
The housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance ...

A rush into refinancing as U.S. mortgage rates fall - International Herald Tribune
The U.S. housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Last week, the Federal Reserve announced that it would buy $500 ...

Meltdown far from over, new mortgage crisis looms - 680 News
WASHINGTON - U.S. retail shoppers hunting for holiday bargains on "Black Friday" won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same ...

Scotiabank surprises investors with deeper Q4 writedown; profits drop ... - 680 News
TORONTO - Scotiabank (TSX:BNS) reported a sharp drop in quarterly profits on Tuesday, but chief executive Rick Waugh says he won't be looking for any handouts from Ottawa. Waugh said Scotiabank has fared well compared with many Canadian and global ...

S.F. Fed chief wants more done on housing - San Francisco Gate
Friday, October 31, 2008 "We have a long way to go before the credit crunch shows significant healing, and for that reason I think it is worth considering other types of policies to address the crisis," said Janet Yellen, CEO of the Federal Reserve ...

General Growth Properties risks default and may file for bankruptcy - 680 News
CHICAGO - General Growth Properties Inc. shares have plummeted after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The real estate ...

Oct. 21 - Journal Inquirer
Why is it that we always see our local legislators when there is a photo opportunity or a speech to make, but never when things are going badly and we need to hear ideas and proposals, and see effective action? Sue Lavelli-Hozempa has been active and ...

Alliance Films says it has a 'unique opportunity' to buy negotiate ... - 680 News
MONTREAL - Motion picture distributor Alliance Films Inc. says it has "a unique opportunity" to negotiate the repurchase of its outstanding debt but stopped short of confirming that it will buy back US$400 million. The company, spun off from Alliance ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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