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Financial News
Kashkari: Treasury considering mortgage rate plan - WTOP Radio
WASHINGTON (AP) - The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the ...

FDIC's Bair warns investors fighting loan changes - Miami Herald
WASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the Federal ...

Henry Paulson Video Gallery - CNBC
CNBC's Hampton Pearson has the latest on Paulson's new plan for the economy and Obama's economic team. Feedback on the Treasury Secretary's statement on the rescue plan update, with CNBC's Dennis Kneale and Michelle Caruso-... Paulson Q&A, Pt. 1 ...

Paulson Considers New Plan to Lower Mortgage Rates (Update2) - Bloomberg
Dec. 3 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to lower mortgage rates in an effort to resuscitate the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage ...

With commercial financing scarce, real estate buyers with cash expect ... - Dallas Morning News
In a commercial real estate market where buyers are hard to find and credit is even scarcer, cash has become king. Broker Jerry Yoder of Henry S. Miller Commercial recently worked on a deal to sell a Carrollton shopping center on Belt Line Road ...

The Henry Paulson eclipse could be the global turning point - Times Online
You may not have noticed it if you get most of your economic information from media headlines, but there were some pretty important events in the world economy last week - certainly more important than the Pre-Budget Report and fatuous arguments ...

New Fed Strategy Makes Home Lending More Affordable - 13 WREX-TV
ROCKFORD - Keeping a roof over your head gets easier after a second financial bailout triggers a drop in mortgage rates. David Adkins from Blackhawk Bank said, "The things going on in our economy is unprecedented." Case in point: The $600 billion ...

The next meltdown: Commercial property - Seattle Post Intelligencer
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains 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 events ...

Financial Industry Urges Gov’t to Lower Mortgage Rates - CNS News
Washington (AP) - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4 ...

Bank Bonds Rise May Ease Pain of Refinancing $89 Billion Debt - Bloomberg
Oct. 15 (Bloomberg) -- A rally in bank bonds spurred by U.S. Treasury Secretary Henry Paulson 's rescue plan may ease the way for financial companies to refinance $89 billion of debt maturing through the end of the year. Bonds of Morgan Stanley ...

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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
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