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BofA OKs foreclosure relief for Californians - San Francisco Gate
Tuesday, October 7, 2008 The pact stems from cases filed earlier this year by California and other states, alleging Countrywide, based in Calabasas (Los Angeles County), used misleading advertising and unfair business practices to dupe customers into ...

Financial crisis: Homeowners in Manteca neighborhood cope with ... - San Jose Mercury News
MANTECA — Dave Cantrell considered loading the U-Haul in the middle of the night and leaving while his neighbors were asleep. He couldn't bear to face them. He had become a community leader here, rallying his neighbors to stand up to the builder ...

Our mortgage, finance experts answer more of your questions at 11 a.m. - Detroit Free Press
Freep.com wants to help you with your questions on the nation's economic turmoil. We will have mortgage and financial experts online to answer questions at 11 a.m. today. Please send your questions to money@freepress.com or post them in the forum ...

Auction Cleanup Bill for New York Tops $340 Million (Update1) - Bloomberg
Sept. 9 (Bloomberg) -- The collapse of the market for auction-rate bonds put New York state in the same position as millions of homeowners whose adjustable-rate mortgages reset: It wanted to refinance. The state had $4 billion in debt with interest ...

Financial advisers provide answers to your crisis questions - Detroit Free Press
Dianne Reichel, group manager for GreenPath Debt Solutions. • Jack Riashi, a certified financial planner at Bloom Asset Management. • Patrick Anderson, economist and principal Anderson Consulting Group. Question: I’m wanting to know what my ...

U.S. MBA’s Mortgage Applications Index Dropped 11% Last Week - Daily Business Review
ortgage applications in the U.S. fell last week as higher borrowing costs and tougher lending rules hurt purchases and refinancing. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan dropped 11 percent ...

U.K. Two-Year Notes Rise After Coordinated Interest-Rate Cuts - Bloomberg
Oct. 8 (Bloomberg) -- U.K. two-year notes rose after the Bank of England joined central banks around the world in cutting interest rates to ward off a collapse of the financial system. Britain's central bank reduced its key rate half a percentage ...

Depressingly familiar: Uncle Sam to the rescue - Seattle Times
1932: The Hoover administration creates the Reconstruction Finance Corp. to facilitate economic activity by lending money in the Great Depression. 1933: The Roosevelt administration creates the Home Owners' Loan Corp. to buy $3 billion in bad ...

His Space - Wired
Perched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...

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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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