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News about Mortgages:
Rate drops are of little help to many in California - Los Angeles TimesHome loan rates are near their lows for the year, reflecting optimism over government efforts to help the housing markets, but analysts see little help for the worst-off borrowers and people with jumbo mortgages. Freddie Mac, the government-backed ...
How fat cats got that way ... - Dallas Morning Views BlogRe: "Fat cats not the issue -- Do executives really make too much, or are we just looking for an enemy? asks Thomas Sowell," Saturday Viewpoints. Mr. Sowell's defense of the exorbitant salaries of business executives glosses over several points. It's ...
OZ Minerals seeks extension for debt facilities - The AustralianOZ Minerals stunned the market today with a revelation it is struggling to refinance $US560 million of debt by Sunday. Debt deadline: A mine worker at Oz Minerals' Sepon gold mine in Laos. The company is struggling to refinance its debt. The dramatic ...
Shoppers have reasons to act like grinches - Cleveland Plain DealerWASHINGTON -- 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 country deeper into recession. Beaten-down ...
Delahunt, Hodes seek more aid for homeowners - Boston GlobeWASHINGTON — Two Democratic House members from New England have introduced legislation that would allow the government to force some mortgage lenders to renegotiate loans for homeowners facing foreclosure. Representatives William Delahunt of Quincy ...
Commercial loan "nightmare" projected for 2009-JPMorgan - ReutersNEW YORK, Dec 1 (Reuters) - An accelerated downturn in commercial real estate next year may spark a wave of borrowers pushing for easier terms on loans that are otherwise heading into default, according to JPMorgan Chase & Co. Commercial property ...
Treasury weighs action on mortgage rates - MSNBCThe Treasury Department is strongly considering a plan to intervene directly in the mortgage industry to dramatically force down rates and stimulate the moribund housing market, according to sources familiar with the proposal. Under the initiative ...
Paulson Considers New Plan to Resuscitate U.S. Housing Market - BloombergDec. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage- backed ...
Bridgewater Commons owner gets two-week reprieve on debt - MyCentralJersey.comWASHINGTON — Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...
Mortgage rates near low for the year - Los Angeles Times BlogsHome loan rates are near their lowest point of the year in the wake of government efforts to help the housing markets. That has spurred a surge in applications to refinance mortgages, but the worst-off borrowers and people with jumbo mortgages aren ...
Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
View all Terms