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Ford tells Congress it may be able to go it alone - Toledo Blade
WASHINGTON — Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough ...

UAW calls leaders to talks on bailout - Toledo Blade
DETROIT - Heads of United Auto Workers locals from across the United States are to hold an emergency meeting in Detroit today to discuss concessions the union could make to help auto companies get government loans. UAW leaders called the meeting ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Barack Obama's, John McCain's economic plans aimed at swing states ... - Dallas Morning News
WASHINGTON – When Barack Obama announced his latest batch of ideas to help the economy this month, he chose an appropriate setting: Toledo, a city struggling with high unemployment and the biggest house-price declines in Ohio. When John McCain ...

McCain, Obama address voters' economic fears - Seattle Times
TOLEDO, Ohio — Sens. Barack Obama and John McCain battled long-distance over the economy Monday as Obama offered new proposals to aid middle-class voters, including a moratorium on mortgage foreclosures, while McCain presented himself as a fighter ...

Once again, the subprime wolves are on the prowl - WTOL-TV
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...

McCain equates Obama tax plan to welfare - Dallas Morning News
MIAMI – John McCain sharpened his economic attack Friday by accusing Barack Obama of plotting to turn the tax code into a tool for redistributing wealth, an idea he equated to welfare. "When politicians talk about taking your money and spreading it ...

Obama, McCain duel on economy - Buffalo News
TOLEDO, Ohio — Sens. Barack Obama and John McCain battled long-distance over the economy Monday as Obama offered new proposals to aid middle- class voters, including a moratorium on mortgage foreclosures, while McCain presented himself as a fighter ...

Prince out to leave K-State at end of season - FOX News
KANSAS CITY, Mo. — Kansas State coach Ron Prince was unable to rebuild the Wildcats into the Big 12 contender they were under his predecessor. Now after 2 1/2 seasons in Manhattan, Prince is on his way out and K-State is in the market for another ...

Subprime Lending Hurts Homeowners - Social Funds
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

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