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Fannie and Freddie get a loan, taxpayers get the debt - Newsday
The conventional wisdom on the multibillion-dollar federal government bailout of mortgage giants Fannie Mae and Freddie Mac is that they're just too big to let fail. The two companies own or guarantee about half of the country's $12 trillion in ...

Eliot Brown - New York Observer
City's Willets Point rendering. Just on the heels of the highly contentious City Council term limits vote, Mayor Bloomberg has personally injected himself into the push to sway the council on his administration's plan to redevelop Willets Point ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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