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Financial News
Housing market not out of the woods - MSNBC
The government’s historic takeover of mortgage giants Fannie Mae and Freddie Mac is an important step in clearing up the mortgage mess that has cratered the housing market, panicked investors and sent the economy reeling. But homeowners, taxpayers ...

AIG bailed out, more havoc likely, experts say - Newsday
While the Federal Reserve 's unprecedented effort to rescue insurance giant American International Group Inc. may provide a short-term fix to mitigate the more immediate damage, it will do little to solve the larger issues behind the ongoing ...

US economy not out of the woods despite Fannie-Freddie bailout - Australian Broadcasting Corp.
Audio: Business editor Peter Ryan discusses US Govt's move (AM) Audio: US Govt takes control of mortgage giants (AM) Audio: US Treasury secretary John Snow talks about US financial crisis (ABC News) The US Government's seizure of Fannie Mae and ...

Subscriber Log In - Wall Street Journal
Remember me Forgot your password? The mortgage problems behind the havoc in financial markets climbed back last month, as delinquencies jumped at the fastest pace since last year for many loan categories. Overall, 6.6% of mortgages were at least 30 ...

Foreclosures rose 75% in 2007 - Deseret News
The number of U.S. homeowners entering the foreclosure process climbed 75 percent in 2007 from a year earlier, as mortgages became more difficult to refinance and falling property values made it tougher to sell. Despite the increasingly difficult ...

The $1 Trillion Solution: Will It Work? - BusinessWeek
The numbers have gone so high that they’ve become inconceivable. Now Paulson and Bernanke are proposing a government fund or funds to buy up failed securities and prop up the financial system. The size of the bail-out funds: Roughly $1 trillion ...

Banks remain wary; some states blackballed - Traverse City Record-Eagle
WASHINGTON (AP) -- Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow -- even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can't ...

Want to Get Rich and Stay Rich? - Motley Fool
In 2003, my wife and I refinanced our Virginia home. We'd put a large down payment on the house when we bought it, and it had tripled in value. Mortgage rates plunged, so we refinanced. We dumbfounded our Wells Fargo banker by refusing to take equity ...

Reid Disses McCain's Plan to Come to DC: 'Trying to Divert Attention ... - ABC News Blogs
Senate Majority Leader Harry Reid, D-Nev., just took some swipes at Sen. John McCain, R-Ariz., at a press availability with Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, after the Democratic Senate Caucus met this evening with ...

Greenpeace Interupts Whaler Refueling - Common Dreams
SYDNEY - Greenpeace said on Tuesday it had prevented Japan's main whaling ship from refueling in the icy Southern Ocean by driving an inflatable boat between the factory ship and its refueler. Japan's six-ship fleet has been prevented from whaling in ...

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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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